Crypto Prices Today (Nov. 5): BTC, ETH, XRP, BNB Fall Sharply Amid $2B in Liquidations

The crypto market faced a sharp sell-off on Tuesday, November 5, as Bitcoin (BTC), Ethereum (ETH), XRP, and BNB all tumbled, triggering over $2 billion in leveraged liquidations across exchanges.

Market Views.

Bitcoin slipped below the key $100,000 level before stabilizing near $101,800, while Ethereum dropped under $3,350. XRP traded around $2.24, and BNB hovered near $942.

Datas shows more than $2 billion in leveraged positions were wiped out in 24 hours , one of the largest liquidation waves in recent months.

Coin Current Price 24H Change 24H Low 24H High

Bitcoin (BTC) $101,820 -2.9% $99,021 $104,902
Ethereum ( $ETH ) $3,321 -5.9% $3,079 $3,577
XRP ( $XRP ) $2.24 -2.1% $2.09 $2.32
BNB ( $BNB ) $942 -1.8% $884 $964

$2 Billion in Liquidations

The sudden downturn to excessive leverage in the crypto derivatives market. When Bitcoin broke key support, making liquidations accelerated the fall.

The increased use of leverage magnified the decline. Once $BTC lost its $102K support, liquidations accelerated rapidly.

Over 70% of the wiped positions were long, suggesting that traders were overly bullish before the correction.

✅ Why Prices Fell

ETF Outflows: Spot Bitcoin and Ethereum ETFs saw notable withdrawals, signaling weaker institutional demand.

Stronger Dollar & Higher Yields: A firm U.S. dollar and elevated Treasury yields reduced appetite for risk assets.

Macro Uncertainty: Fading hopes for near-term rate cuts by the U.S. Federal Reserve dampened investor mood.

DeFi Pressure: Liquidity strains in decentralized finance protocols added more fear to the market.

Adding to the pressure, Bitcoin ended October in the red, breaking its long streak of historically bullish Octobers

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