Bitcoin Heading for Worst Month Since Crypto Collapse of 2022
Market Intelligence Analysis
AI-PoweredBitcoin has declined 23% in November, its worst month since June 2022, amid a 30% drop from its record high in early October.
Market impact analysis based on bearish sentiment with 82% confidence.
Article Context
The largest cryptocurrency slid as much as 6.4% to $81,629 on Friday before paring losses, according to data compiled by Bloomberg. Bitcoin has now shed about 23% of its value in November, the most in a single month since June 2022, according to data compiled by Bloomberg. Despite a pro-crypto White House under US President Donald Trump and surging institutional adoption, Bitcoin has plummeted over 30% from its record high set in early October.
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