$2B Liquidated as Crypto Market Cap Drops Below $3 Trillion

Published at 2025-11-21 09:45:14

Crypto markets experienced a brutal sell-off over the past 24 hours, with close to $2 billion in liquidations as total market value fell below $3 trillion for the first time in five months. The surge in forced exits points to heavy leverage in derivatives markets and rapid deleveraging as prices moved sharply downward. The scale of the liquidations amplifies short-term risk: funding rates and margin calls are likely to remain elevated, liquidity may thin, and volatility could persist until selling pressure eases. For traders and institutional desks this raises counterparty and funding risks, while longer-term investors may view the pullback as a potential entry window—though continued caution is warranted as markets settle.

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OKX will remove USDC-margined perpetual futures effective December 11, 2025, citing a push to improve market liquidity and the trading experience. Traders should close or roll positions before the deadline as liquidity may shift to other stablecoin-margined contracts.

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Published at 2025-11-21 09:45:34

Binance CEO: Bitcoin Volatility Mirrors Broader Markets After Deleveraging

Binance CEO Richard Teng said bitcoin’s recent steep drop reflects investors cutting leveraged crypto positions and a wider shift toward risk aversion, bringing BTC volatility in line with other major asset classes.

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Published at 2025-11-21 07:15:07

Bipartisan Senate Draft Expands CFTC Authority, Aims to Reshape Crypto Market

Senators unveiled a bipartisan draft bill that broadens the CFTC’s authority and tightens consumer protections, signaling stronger federal support for regulated crypto markets. Lawmakers say the move could improve market structure and boost liquidity on U.S. trading venues.

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Published at 2025-11-20 23:45:42

Bitcoin Falls Below $87K, Rebounds to $87.3K After Seven-Month Low

Bitcoin slid more than 5% in 24 hours to a seven-month low near $86,300 on Nov 20, 2025, before rebounding to about $87,300. The move underscores renewed intraday volatility and a test of near-term support in the high-$80,000s.

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Published at 2025-11-20 20:01:17

XRP Slips Under $2 After Fresh ETF Approval

XRP dipped back below the $2.00 mark on Nov. 20, returning to levels last seen after the October 10 sell-off following a fresh ETF approval. The move signals renewed volatility as traders digest the news and reposition.