BTCUSD News Today, Nov 20: Bitcoin’s Sharp Decline Shakes Crypto World
Bitcoin’s sharp decline has sent ripples through the crypto market, dropping to a staggering low of CHF 88,522. This sudden crash wiped over CHF 1 trillion from the global cryptocurrency landscape, rattling investors worldwide. The crypto giant faced intense pressure following liquidations and significant economic concerns, such as rising Treasury yields and uncertainty over Fed rate actions.
A Closer Look at Bitcoin’s Price Action
Bitcoin’s recent drop to CHF 88,522 marks a significant fall from its recent highs. As of today, its price is CHF 87,055.64, reflecting a 4.8% decrease. The day saw Bitcoin’s value ranging between a low of CHF 86,057.96 and a high of CHF 92,899.34. This drop has brought Bitcoin closer to its year-low…
