The global cryptocurrency market shed 4.73 percent of its value in 24 hours, falling to 2.32 trillion dollars, according to CoinMarketCap. Bitcoin led the decline, dropping nearly 6 percent to 69,191 dollars as of 10:30, its lowest level since August.
Leveraged bets unwind
Bitcoin has fallen about 10 percent over the past week and now sits roughly 45 percent below the approximate 126,000 dollars all-time high it reached in October 2025. Ether fell around 5 percent to 1,942 dollars.
Data from CoinGlass showed 1.3 billion dollars in futures positions liquidated over the past 24 hours, with 677 million dollars of that tied to bitcoin trades. Analysts pointed to forced closures of leveraged derivatives positions as a driver of the sell-off.
Multiple pressures converge
Continued outflows from US spot bitcoin ETFs added further pressure on prices. Renewed military tensions in the Middle East also triggered selling across the market.
A rise in bond yields followed stronger-than-expected US inflation data, while hawkish remarks from Federal Reserve officials weighed further on sentiment. Expectations of tighter legal oversight of the crypto sector after US midterm elections also contributed to the pressure, analysts said.
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By our market data, bitcoin traded at $66,782 as of 13:24 GMT on 14 November 2026, down 3.42 percent from the previous close and its lowest level in 31 days.
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Source: CoinMarketCap | Data: CoinGecko