Bitcoin struggles to stay green in November after scoring big gains in ‘Uptober’
Bitcoin (BTC), the top cryptocurrency, has turned red on the monthly chart, wiping out its November gains.
The cryptocurrency slipped to an intraday low of $ 60,350 at 4:23 a.m. UTC on the Bitstamp exchange, plunging 5% in four hours.
This is the lowest level the cryptocurrency has seen since Nov. 6.
Ether (ETH) saw a more pronounced correction than Bitcoin, falling to $ 4,249 earlier today.
The two largest cryptocurrencies are both down 10.8% from their recent record highs at the time of writing.
According to data provided by Cash, $ 287.84 million long was liquidated in four hours.
Litecoin (LTC) and Chainlink (LINK) are down more than 10% over the past 24 hours, becoming the top laggards amid major altcoins.
