Bitcoin Drop Sparks $350M Liquidations Ahead of U.S. Election

Quick Summary:

Bitcoin’s price fell below $69,000 on Nov.3, triggering nearly $350 million in market liquidations as the U.S.presidential election draws closer.

This marked the highest trading activity since Oct.25, when Bitcoin struggled to hold above $70,000.

Data shows that liquidations on Nov.3 totaled $349.78 million.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesGermany

Topics: Bitcoin BTC Liquidation US Election Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 12:35:42 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 35 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23400182

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

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