Bitcoin price crash explained: 8 reasons BTC plunged from $81K to $62K

Bitcoin price has fallen to $62,081 on November 15, losing approximately 23% from its November 4 high as US political uncertainty, weak technology stocks, ETF withdrawals and heavy liquidations weighed on the cryptocurrency. Bitcoin price declined approximately 23% from its November 4 high, reaching $62,081 on November 15. US spot Bitcoin ETFs lost $1.91 billion over seven consecutive trading sessions through November 13. Cryptocurrency liquidations approached $2 billion over 24 hours, with Bitcoin longs suffering heavy losses. Stronger inflation readings and technology stock selling added pressure as investors anticipated higher US interest rates. Coinbase Institutional reported an $11.5 billion contraction in major stablecoin supply over 30 days. According to The Kobeissi Letter, Bitcoin lost roughly $11,000 in three days, while cryptocurrency liquidations surpassed $2 billion during one rolling 24-hour period.

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