Bitcoin falls to a two-week low, with risk aversion lingering after an epic liquidation event.

After an unforgettable October, Bitcoin continued to fall on Tuesday, with the strength of the US dollar and various chaos in decentralized finance further suppressing the world's largest digital asset. Bitcoin fell by 2.5% to $104,179 at one point, hitting a two-week low. The second largest global currency, Ethereum, dropped by 3.4% to below $3,500, further retreating from recent highs. A historic liquidation event three weeks ago resulted in billions of dollars' worth of leveraged cryptocurrency positions becoming worthless. Following this event, investors seem reluctant to bet on Bitcoin making a strong comeback.