The total cryptocurrency market capitalization fell below $3 trillion to $2.952 trillion on Nov. 21, down 8.5% over 24 hours, Coingecko data show.

Five accounts holding long positions exceeding $10 million each were liquidated on Hyperliquid within one minute as Bitcoin fell below $82,000 on Nov. 21, on-chain analyst Ai Yi reports. The largest single liquidation reached $36.78 million. The cascading liquidations occurred during a sharp market downturn.

Independent financial researcher Shanaka Anslem Perera published findings on November 21 alleging structural anomalies in Nvidia's financials and AI sector capital flows. Perera reported Nvidia's accounts receivable rose 89% year-over-year to $33.4B with payment cycles extending from 46 to 53 days, while inventory climbed 32% to $19.8B and cash conversion from $19.3B profit reached only $14.5B (75%, versus peer average 95%). He cited circular funding patterns involving xAI ($2B Nvidia investment, $12.5B debt to purchase chips), Microsoft ($13B into OpenAI, $50B Azure commitment, $100B Nvidia orders), and Oracle ($300B cloud credits to OpenAI for chip purchases). Perera noted recent exits by Peter Thiel ($100M sold November 9), SoftBank ($5.8B position cleared November 11), and Michael Burry (March 2026 $140 puts), warning potential forced liquidations could impact crypto markets if Nvidia declines further.

The total cryptocurrency market capitalization fell to $3 trillion on Nov. 21, with Bitcoin dropping below $86,000, CoinGecko data show. The market cap stands at $3.018 trillion, down 6.3% over the past 24 hours.

Citi and Swift completed a Payment-versus-Payment (PvP) settlement pilot between fiat and digital currencies on Nov. 21, BlockBeats reports. The trial validated interoperability between traditional financial infrastructure and distributed ledger networks through Swift's existing framework, integrating institutional-grade blockchain connectors, workflow orchestrators, and smart contracts. Citi used test USDC on Ethereum's Sepolia testnet to simulate a near-production environment.

The cryptocurrency market saw $735 million in liquidations over a 12-hour period on Nov. 21, with long positions accounting for $650 million and short positions for $85.74 million, Coinglass data show. Over the past 24 hours, 227,052 traders were liquidated with total losses reaching $830 million. The largest single liquidation order occurred on HTX's BTC-USDT pair, valued at $30.9176 million.

The cryptocurrency market recorded $911 million in liquidations over the past 24 hours, with long positions accounting for $703 million and short positions for $208 million, Coinglass data show on Nov. 21. A total of 231,310 traders were liquidated during this period. The largest single liquidation occurred on Hyperliquid's ETH-USD pair, valued at $24.2266 million.

Goldman Sachs estimates trend-following hedge funds may sell approximately $39 billion in global equities over the coming week after the S&P 500 fell below 6,725 on Wednesday, according to a client note. The bank's calculations indicate trend-tracking funds, which held roughly $150 billion in long positions before the selloff, view this threshold as a signal to liquidate positions or add short bets. Goldman projects potential sales could reach $65 billion if stock prices continue falling. The S&P 500 last breached such critical technical levels in October and on April 2 following the announcement of tariff proposals by U.S. President Trump, Jin10 reports.