Crypto Market Value Falls 5.79% to $2.41 Trillion in 24 Hours

Crypto market capitalization fell 5.79% to $2.41 trillion by late afternoon Nov. 12, as Bitcoin and five other major tokens declined and liquidations reached $346.9 million.

At 4:05 p.m. ET, Bitcoin (BTC) traded at $71,487, down 4.21% over 24 hours. Trading volume across crypto assets for the same period was $71.20 billion.

Ether (ETH) fell 2.98% to $2,017, while XRP lost 2.71% to $1.04. BNB declined 4.61% to $654.94, Solana (SOL) dropped 4.26% to $81.33, and Dogecoin (DOGE) slid 4.01% to $0.0659. BNB had the largest decline among the six assets; XRP had the smallest. The market’s percentage loss exceeded each of theirs.

Bitcoin accounted for 59.5% of total crypto market value, while Ether represented 10.2%. Among the top 39 assets, World Liberty Financial (WLFI) gained 1.50%, the strongest performance in the group. Quant (QNT) fell 8.95%, the steepest drop.

Liquidations, or forced closures of leveraged trades, totaled $346.9 million over 24 hours across Binance, Bybit and OKX. Long positions accounted for $310.2 million, compared with $36.7 million for short positions.