Crypto Market Cap Falls 5.29% to $2.49 Trillion as Liquidations Hit $622.6 Million

Total crypto market capitalization fell 5.29% to $2.49 trillion over 24 hours, while liquidations reached $622.6 million, with long positions accounting for most of the total. Bitcoin traded at $74,790, down 1.43% over the same 24-hour window ending at 12:01 a.m. ET Nov. 9. Marketwide trading volume reached $55.51 billion during the period. The market capitalization decline was steeper than Bitcoin’s price drop. Ether (ETH) fell 4.35% to $2,138, and XRP (XRP) dropped 4.79% to $1.11, the largest losses among the named major assets. Solana (SOL) declined 2.05% to $87.34, while Dogecoin (DOGE) lost 2.25% to $0.0696.