RATE Group | Bitcoin fell 37 percent in November, erasing $70 billion from industry
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Bitcoin fell 37 percent in November, erasing $70 billion from industry

01 Dec Bitcoin fell 37 percent in November, erasing $70 billion from industry

Posted at 01:48h in Bitcoin News by

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November will be a month to remember for bitcoin investors.

The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk.

Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year.

The market capitalization of all major cryptocurrencies took a $70 billion hit for the month, according to CoinMarketCap.com. XRP, the world’s second largest cryptocurrency, dropped 18 percent in November while ether fell 43 percent in the same time period.

For…

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