Crypto Market Loses 5.41% as Liquidations Reach $358.7 Million
Key Facts
The total cryptocurrency market capitalization fell 5.41% on November 14, while liquidations across Binance, Bybit and OKX totaled $358.7 million over 24 hours, according to TokenPost. The liquidations included $282.3 million in long positions, which bet on prices rising. The figures appeared in TokenPost’s report titled "Cryptocurrency market capitalization declines 5.41% as Bitcoin falls to $66,969." The data reflect a broad market decline alongside the liquidation of long bets, but they do not establish that the market-wide move caused a specific change in Litecoin’s price. The reported figures for Litecoin’s decline over a four-hour window or its Binance price during that period could not be verified.
EL7 data show Litecoin/USD closing at $49.38 on November 13, the latest available daily close before the news session. The close on November 12 was $50.04, according to the same record. Those closing prices put the figures in the context of preceding days, rather than measuring the four-hour move cited in the story headline. Historical data from Investing.com recorded a price of $48.43 and a daily decline of 1.90% for the following day, November 14. This is a separate daily reading from the claim of a four-hour decline and, on its own, does not establish a specific Binance price or the volume of Litecoin liquidations.
The market decline coincided with weakness in Bitcoin. Investing.com, citing Reuters, said the cryptocurrency fell 10.2% in the week ended November 13 and was headed for its worst weekly performance since early June. In its market report, TokenPost said Bitcoin fell to $66,969 and linked that to a decline in total cryptocurrency market capitalization. Liquidations across the three platforms totaled $358.7 million over 24 hours, including $282.3 million in long positions, according to TokenPost. The figures point to a broad decline and liquidation pressure on positions betting on gains during the same period. But they do not specify the amount of Litecoin liquidations or establish a direct causal link between Bitcoin’s move and the cryptocurrency’s movement over the four-hour window.
Against the backdrop of monetary policy expectations, Investing.com, citing Reuters, reported that the odds of a U.S. rate increase in December stood at about 90% for a 25-basis-point hike, versus about 10% for a larger 50-basis-point increase. These figures reflect market estimates as reported on November 14, not a monetary policy decision that had already been made. The report also said the U.S. producer price index rose 6.5% year over year in October, its largest 12-month increase since November 2022. These figures were part of an economic backdrop that coincided with a decline in crypto assets, but the available facts do not attribute a specific move in Litecoin to them. The direct impact on the cryptocurrency remains distinct from broader market data and interest rate expectations.