Crypto markets suffered a sharp correction after expectations of a quiet weekend, with Bitcoin dragging the broader market lower. BTC fell from $81,000 on November 4 to $62,000, its first visit to that level since mid-August, before rebounding slightly to below $65,000. Hotter-than-expected U.S. inflation data helped trigger the decline, while the key $70,000 support was lost on Friday. Its market capitalization dropped to $1.3 trillion and its dominance to 59.3%, while altcoins suffered losses of up to 15%, erasing more than $300 billion from total market capitalization.
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