Bitcoin Plummets, Triggering Market Shakeup and Record Liquidations

This week saw Bitcoin’s value drop sharply, reaching below $85,000 for the first time since April, resulting in widespread market turmoil. This decline prompted a significant wave of liquidations, with over $1.96 billion wiped out from leveraged positions across the cryptocurrency market. November could become the harshest month for the crypto sector since the 2022 crypto winter.