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.

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