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On November 16, 2025, there were relatively few positive news in the crypto space, and negative news dominated, leading to a significant decline in major cryptocurrencies such as Bitcoin. The specific information is as follows:
Negative news
1. Mainstream cryptocurrencies collectively plummeted, triggering a wave of liquidations: Bitcoin's intraday drop exceeded 5%, reaching a low of $94,800; Ethereum's maximum drop was over 1%, while second-tier cryptocurrencies like Cardano and XRP fell more tha