Bitcoin Price Crashes Below $68K as Crypto Liquidations Hit $1.6B

Bitcoin fell below $68,000 to a near three-month low of $67,500, extending its November losses past 11% as a sell-off that began Wednesday continued into Friday. The decline triggered roughly $1.6 billion in crypto liquidations across the market. The move came as broader financial markets remained rattled by the ouster of former Nvidia CEO Jensen Huang, with the fallout weighing on risk assets including cryptocurrencies. The scale of liquidations underscores how leveraged positioning amplified the downturn, turning a modest price slide into forced selling across exchanges. Traders will now watch whether Bitcoin can hold the $67,500 area as support and whether liquidation volumes ease, alongside any further spillover from the Nvidia leadership shake-up into equities.