Bitcoin faces its worst monthly drop since 2022 as crypto market plunges amid fear and massive sell-offs
Bitcoin is barreling toward its steepest monthly drop since the crypto market imploded in 2022, as a wave of forced liquidations, institutional selling and collapsing sentiment continues to hammer digital currency.
The world’s largest cryptocurrency plunged as much as 7.6 percent to $80,553 on Friday, before trimming some losses. Ether slid as much as 8.9 percent, falling below $2,700, while smaller tokens mirrored the sharp declines. The total market capitalization of all cryptocurrencies slipped under $3 trillion, its lowest level since April, according to CoinGecko.
Bitcoin recorded its 11th straight lower low on Friday(November 21), its longest such streak since 2010, according to Bloomberg’s analysis.
Bitcoin has lost roughly a…
