Total crypto market cap shrinks by approximately $571 billion over 10 days
TechFlow reported on November 15 that, according to The Defiant, CoinMarketCap data showed that as of 10:00 Beijing Time on November 15, the total cryptocurrency market capitalization was approximately $2.12 trillion, down about $571 billion from $2.69 trillion at the same time on November 5, a decrease of 21.2%.
During the same period, Coinbase data showed that Bitcoin fell 22.4% to $62,570.42, and Ethereum dropped 28.8% to $1,729.44. Prices for both assets subsequently recovered somewhat.
Citing Coinalyze data, the report noted that liquidations totaled approximately $1.3 billion over the past 24 hours, with roughly $1.2 billion from long positions and about $100.1 million from short positions. This data only covers the markets it tracks, as some exchanges do not provide complete liquidation data.
