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Bitcoin (BTC) hit a major dump, sliding from $98,500 to $95,500 on Sunday night. The price drop affected the entire cryptocurrency market, with XRP and <a href="https://cryptotale.org/dogecoin-doge-reaches-3-year-high-with-236-monthly-surge/" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) being the most affected. Both tokens dropped more than 5%, whereas Solana (SOL), Ethereum (ETH), and Cardano (ADA) have been down 2-5%.Futures Liquidation ImpactThe sell-off was a massive hit on futures markets, where more than $500 million worth of positions were liquidated within one day. According to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Coinglass</a>, 197,083 traders were impacted by the liquidations. Binance alone suffered the biggest single liquidation during the trading session filled with massive volatility. Long liquidations occurred for $366 million, while shorts suffered $127 million.This market turbulence aligns with the words of Galaxy Digital CEO Mike Novogratz, who said on Nov 11 that there will be <a href="https://x.com/novogratz/status/1859625723960414340" rel="noopener noreferrer nofollow">inevitable corrections</a>. Novogratz said that the high level of leverage has been a significant driver of price swings in the market. Nevertheless, he does not seem discouraged by the recent price tumble; he still believes that Bitcoin will cross the $100,000 mark. As of press time, BTC is trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$98,711</a>, showing a 0.60% increase over the past day.<a href="https://cryptotale.org/btc-falls-as-xrp-and-doge-lead-losses-with-500m-liquidated/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Falls As XRP And DOGE Lead Losses With $500M Liquidated

CryptoTale

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