Bitcoin wipes out $120B, falls below $96,000 to six-month low
Bitcoin (BTC) crashed on Friday, November 14, briefly dipping below $96,000 in the early hours and wiping roughly $120 billion off the market. The move marked BTC's lowest price point since May and represented a sudden contraction in market value after weeks of elevated trading activity.
The decline matters because it narrows cushions for leveraged traders and can spill into altcoin markets and lending platforms, increasing liquidation risk and investor caution. Market participants will be watching near-term support levels and on-chain flows for signs of stabilization; sentiment in the coming days will determine whether this is a short-lived correction or the start of a deeper pullback.