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Bitcoin (BTC), XTZ, LEO, XRP, BSV

24 Nov Bitcoin (BTC), XTZ, LEO, XRP, BSV

Posted at 17:40h in Bitcoin News by

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The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs.

Cardano (ADA) creator Charles Hoskinson tweeted that the current price drop was due to the FUD created by the media news and market manipulation. He reminded the crypto community that crypto is unstoppable and is the future as it will change the world. He expects Bitcoin’s price to rise above $10,000 and eventually reach $100K.

Crypto market data weekly view. Source: Coin360

Crypto market data weekly view. Source: Coin360

Bakkt futures volumes skyrocketed on Nov. 22 and hit a new all-time high of 2728 futures contracts, which was about 30% higher than the previous high hit on Nov. 8. Along with the volumes, the open interest also increased 29% over the previous day.

On Nov. 22, Bitcoin prices recovered from…

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