Bitcoin drops 5.12% as crypto market cap sinks 6.22%

Bitcoin slid 5.12%, trading at $69,134 at 8:02 a.m. ET on Nov. 13. The wider crypto market took a harder hit: total market capitalization dropped 6.22%, leaving it at $2.35 trillion over the same 24-hour stretch.

Every one of the six major coins tokenpost tracked moved lower. Ether fell 3.02%, sitting at $1,957, matching BNB's percentage loss. XRP slipped 1.78%, landing at $1.02, the identical decline Solana posted at $80.61. Dogecoin logged the mildest drop of the group, down 1.51% at $0.0653, while Bitcoin wore the biggest percentage loss.

Concentration stayed lopsided. Bitcoin accounted for 59.0% of the market versus Ether's 10.1%, even as marketwide trading volume hit $100.84 billion.

The damage wasn't uniform across the top 39 assets. Hyperliquid (HYPE) bucked the selloff with a 5.37% gain, the session's strongest move, while Gram, formerly Toncoin (GRAM), sank 8.71% for the weakest showing. The market's last calm snapshot came Nov. 8, when capitalization dipped 3.70% and Bitcoin actually ticked up 0.10%.

Leverage got torched. Liquidations across Binance, Bybit and OKX totaled $714.7 million over 24 hours, with long positions eating $642.1 million of that against just $72.6 million in shorts.