Bitcoin Price Struggles Below $75K as $1.2B in Crypto Bets Get Wiped Out Bitcoin struggled to recover from a weekend sell-off that pushed its price below $74,000, briefly rebounding above $75,400 before renewed selling pressure erased gains. BTC STRUGGLES BELOW $75K Bitcoin’s price wobbled Monday as the cryptocurrency struggled to reverse late Sunday losses that dragged it below $74,000 for the first time in weeks. The slide mirrored broader market weakness, continuing a pattern that emerged following last week’s U.S. midterm elections, which left the Trump administration facing a daunting task in advancing its crypto agenda. Market data shows that shortly after a sudden collapse to $73,500 on Sunday, bitcoin recovered to trade above $75,400 within four hours. However, the recovery proved fleeting as prices resumed their descent, plunging below $73,650 by 4:05 a.m. EST. The cryptocurrency mounted a slow recovery, peaking just below the $75,500 mark. By 12:45 p.m. EST, bitcoin hovered near $74,500—down 1.5% over 24 hours and extending its losses for November. The 24-hour volatility proved particularly costly for bullish traders. According to Coinglass data, more than $324 million in leveraged bitcoin positions were liquidated, with wiped-out long bets alone topping $281 million. Ethereum (ETH) suffered the largest single-asset liquidations, with more than $507 million wiped out during the same period. Overall, liquidations across the cryptocurrency market reached $1.2 billion, with long positions accounting for $1.04 billion. Ad CORPORATE BUYING FAILS TO OFFSET VOLATILITY Bitcoin’s decline came even as corporate treasury giant Strategy reported purchasing 1,036 bitcoin over the past week, bringing its total holdings to 850,364 BTC—valued above $63 billion. The effect of the purchases, which historically drove prices higher, was seemingly offset by controversy surrounding Nvidia CEO Jensen Huang. As reported by Bitcoin.com News, Huang admitted to an extramarital affair with a woman suspected of being a Chinese spy, rocking the world’s most valuable company. Paired with a deadlock in U.S.-Iran talks, it appeared to contribute to Sunday’s plunge. Bitcoin has been sliding since Oct. 22, when it last traded above $84,000. Its drop on Nov. 9 brought its cumulative losses since late October to nearly $10,000. The latest drop leaves bitcoin approximately 40% below its all-time high of more than $126,080 set in Oct. 2025. Looking ahead, analysts warn that Democratic control of Congress could pivot Washington’s crypto policy from promoting innovation and regulatory clarity toward stricter consumer protection and enforcement. That shift likely signals prolonged policy uncertainty or revamped legislation imposing tighter compliance on exchanges, stablecoin issuers, and decentralized finance (DeFi) platforms. The heightened uncertainty is expected to cap bitcoin’s near-term upside, dampening confidence that it will reach even modest year-end price targets. #Bitcoin #BTC #BitcoinPrice #CryptoCrash #CryptoLiquidations #BitcoinSelloff #Ethereum #CryptoVolatility #CryptoMarket #CryptoNews Bitcoin Price Struggles Below $75K as $1.2B in Crypto Bets Get Wiped Out

Bitcoin slides below $77,000, BNB drops amid Binance hack BNB lost 7.1%, while Binance Co-CEO Yi He pledged that the exchange will cover all user losses resulting from the hack. Bitcoin Bitcoin BTC-2.31% fell below $77,000 late Thursday, alongside declines in other major cryptocurrencies, as the Binance exploit intensified a market-wide sell-off. The world's largest cryptocurrency dropped 4.5% over the past 24 hours to trade at $76,664 as of 10:00 p.m. ET Thursday, according to The Block's bitcoin price page. BNB BNB-5.67% , the native cryptocurrency that powers the Binance ecosystem, lost 7.1% to change hands at $698.65. Ethereum slid 5.2% to $2,190, while XRP fell 7% to $1.21. Crypto liquidations totaled $1.55 billion over the past 24 hours, with 246,482 traders liquidated, according to CoinGlass data. Those included $1.34 billion in long positions. The largest observed liquidation order was on Binance-BTCUSDT, valued at $11.09 million The crypto market decline coincided with a major Thursday hack at Binance, the world's largest cryptocurrency exchange. Blockchain analytics firm Chainalysis estimated that roughly $5.9 billion was stolen at the time of the theft. "The Binance exploit has intensified market-wide selling, with BNB facing the greatest exposure. About $1.5 billion in 24-hour liquidations, predominantly long positions, has amplified pressure on BTC and ETH," Dominick John, analyst of Zeus Research, told The Block. "Market recovery hinges on Binance restoring confidence in exchange security and customer funds," John added. Analysts see 'contained' market fallout However, Rick Maeda, head of Markets at Laevitas, suggested that the market reaction to the Binance hack appears to be "fairly contained" and that the BNB's drop was "quite modest for possibly the largest exchange theft ever." "The exchange's $144 billion assets under custody, the fact that they paid a $4.3 billion penalty to the U.S. government in 2024 for AML breaches with no issue, as well as the swift responses from stablecoin providers such as Tether and Circle to freeze over $2.4 billion have all contributed to the lack of panic across the industry," said Maeda. Jeff Ko, chief analyst of ViaBTC, shared similar views. "I don't expect the stolen BTC to add much selling pressure," said Ko. "The broader crypto market was already leaning bearish, which is why the sell-off spread so quickly across the board. That said, I believe Binance can absorb the loss comfortably." Covering user losses Binance said on X that the currently verified frozen amount from the hack is around $3 billion. Binance Co-CEO Yi He also said that the exchange will cover all user losses resulting from the hack. Coinbase CEO Brian Armstrong said Coinbase is "doing everything we can to support in the current situation," including blocking transfers to compromised wallets. "Moments like this call for the industry to work together," Armstrong added. Ref: https://paykalken.com #Bitcoin #BTC #Binance #BNB #BinanceHack #CryptoCrash #CryptoLiquidations #CryptoSecurity #Ethereum #CryptoNews Bitcoin slides below $77,000, BNB drops amid Binance hack

U.S. spot Bitcoin ETFs shed nearly $635 million in one of the largest daily outflows in months, while Grayscale's Zcash ETF posted a third straight day of inflows and spot XRP ETFs attracted $3.55 million, signaling an institutional rotation into alternative assets amid broader market pressure.

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Over $3.7 billion in long crypto positions were liquidated in just 7 days, shocking traders across the market.

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Over $524 million was liquidated in crypto markets in just 24 hours, as per Coinglass data. Here's what triggered the wipeout.

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