---
title: "Bitcoin Plunges Below $70,000 as Crypto Liquidations Hit $622 Million in Four Hours"
url: https://thecoingazette.com/bitcoin-plunges-below-70000-as-crypto-liquidations-hit-622-million-in-four-hours/
date: 2026-11-12
modified: 2026-11-12
lang: en
author: "Coin Gazette Editorial"
description: "Bitcoin fell below $70,000 to a low of $68,943 before trading at $69,297, down 6.11% over 24 hours, ..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 56
---

# Bitcoin Plunges Below $70,000 as Crypto Liquidations Hit $622 Million in Four Hours

Bitcoin fell below $70,000 to a low of $68,943 before trading at $69,297, down 6.11% over 24 hours, according to Binance. The cryptocurrency had reached a 24-hour high of $73,866. CoinGlass data showed $622 million in crypto liquidations across exchanges over the past four hours, including $549 million in long positions and $72.46 million in shorts.