BLOOMBERG · 2026-11-15 00:25 UTC

Bitcoin Tumbles to Three-Month Low as Liquidations Accelerate

Bitcoin fell 5.7% in the US on Saturday and dropped further in Asia on Sunday to as low as $63,311, its weakest since Aug. 17, and is down about 25% since Oct. 21. Ether fell 8% in the US session and reached $1,731 on Sunday, its lowest since July 9; about $1.9 billion of crypto liquidations were recorded in 24 hours through Sunday morning Singapore time, mostly long positions. Cited drivers include expectations of higher interest rates, nearly $3 billion of net outflows from US spot Bitcoin ETFs from Oct. 30 to Nov. 13, AI-fueled risk-off sentiment, and fallout from a $6 billion Binance hack.

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