CryptoUpdated November 6

Bitcoin tests an 11-week low as crypto liquidations top $1 billion

Friday brought a deeper slide: Bitcoin’s intraday low was $74,780.91, its weakest since Aug. 21. Decrypt cited CoinGlass data showing $1.05 billion in crypto liquidations over the preceding 24 hours, including $930.04 million, or 88.2%, from long positions. The Block had reported a separate $1.03 billion in liquidations on Nov. 5.

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Coverage started November 6