Bitcoin Price Ends November With Worst Monthly Decline in 7 Years
Bitcoin ended its worst performance in seven years for monthly price declines.
The world's largest cryptocurrency started at an average price of $ 6,341 in November, but at 0:00 UTC on December 1, the Bitcoin Price Index at Coin Desk is trading at $ 3,964.
Monthly earnings were -37.4% at a bit coin price of about $ 2,400, which is the worst record since August 2011, according to the data, about $ 8 per month to print a loss of about -40% To $ 4.80. CoinDesk Bitcoin Price Index (BPI).
Bitcoin is the largest cryptocurrency in terms of market capitalization, with a significant margin at 53.5% of the total market, so all other Cryptic currencies in terms of price performance tend to stay at the forefront.
As a result, one of the largest 25 cryptocur calls in the world that could record monthly profits, a massive loss in the broader market in November.
The anomaly was a Bitcoin SV out of the original Bitcoin cash block chain, but the CoinMarketCap was long enough to generate pricing data for only 22 days.
As you can see in the graph above, two of the largest Crypto calls in the world were common in November. Tezos (XTZ) posted the worst performer last month, slashing 61.5% of losses using bit coin cash (BCH) by only 3%.
In addition, the average performance of the top 10 creek talk currencies based on market cap was -30%, and all 25 performances were -37%.
Market Cap Monthly Chart
Market capitalization is a function of the price of the cryptocurrency multiplied by the circulating supply, so capitalization of the entire market is successful every time the price falls sharply.
The total market capitalization in the first half of November was $ 220 billion, but today the figure was $ 130 billion, with a loss of 35 percent.
According to CoinMarketCap, the total capital of the cryptocurrency market has lost $ 690 billion and 83% of its value since reaching a record high of $ 82 billion in January.
Disclosure: I have written in BTC, AST, REQ, OMG, FUEL, 1st and AMP.
Bitcoin image via Shutterstock
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