Bitcoin fell below $55,000, trading around $54,200. This is the lowest level in the last five months. 📉 The drop could be due to a number of factors, including the German government's decision to liquidate a significant portion of its BTC assets.

Additionally, upcoming payments to creditors of the former Mt. Gox and the uncertainty surrounding the US presidential election may play a role. Mt. Gox transferred more than $2.7 billion in BTC to a new address.

The fresh market crash resulted in liquidations worth about $670 million. Bitcoin accounted for about 35% of this amount, with Ethereum taking second place. 📊

Leading altcoins also fell significantly, contributing to mass liquidations. The largest liquidation order was on Binance, with a value of almost $19 million.