Crypto Meltdown Deepens: $90B Vanishes in an Hour as Traders Face $1.3B in Forced Liquidations
November 4, 2025 · 6:00 PM
The cryptocurrency market has experienced a significant sell-off, losing over $90 billion in value within an hour and triggering more than $1.3 billion in liquidations, primarily affecting leveraged positions. Bitcoin (BTC) fell below $105,000, while major altcoins like Ethereum (ETH) and Solana (SOL) also saw double-digit losses. This downturn is attributed to the Federal Reserve's hawkish stance, which raised concerns in risk markets despite a recent rate cut. The U.S.
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