Bitcoin set for worst monthly drop since 2022 crypto collapse
Bitcoin is on track for its worst monthly performance since the 2022 wave of corporate collapses that shook the cryptocurrency sector.
The largest cryptocurrency fell as much as 6.4% to $81,629 on Friday before recovering slightly, trading at $84,166 by 7:42 a.m. in London, according to Bloomberg data, News.Az reports.
Ether also dropped, sliding as much as 7.6% to below $2,700.
Bitcoin has lost approximately 23% of its value in November, marking its steepest single-month decline since June 2022. That period followed the collapse of Do Kwon’s TerraUSD stablecoin in May 2022, which triggered a cascade of corporate failures, culminating in the collapse of Sam Bankman-Fried’s…
