Bitcoin (BTC), the largest crypto, lost 7% in a minute, falling to $ 56.000.
Bitcoin dropped to an intraday low of $56,425 on the Bitstamp exchange.
The asset has now reduced some of the recent losses.
Bitcoin, which set a new ATH level at $67,276 on October 20, started to show some weakness.
According to Bybt’s data, more than $ 50 million in Bitcoin long liquidations took place in the last hour.