Bitcoin crashes 5% in ‘Sunday slam’ as liquidations surge
Bitcoin plunged nearly 5% to $86,950 in Sunday trading, triggering $539 million in liquidations after the asset endured its worst November performance since 2018.
Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday.
The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview.
The almost 5% slide followed the first green weekly candle close for four weeks, with Bitcoin (BTC) ending the week at $90,411, according to Tradingview.