RATE Group | November Rout Leaves Crypto Prices Drowning in Sea of Red
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November Rout Leaves Crypto Prices Drowning in Sea of Red

02 Dec November Rout Leaves Crypto Prices Drowning in Sea of Red

Posted at 14:34h in Cryptocurrency News by

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Cryptocurrency

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It was not just the trees that shed their red leaves this November. The autumn was doing its job in the cryptocurrency market, too.

The industry lost close to $70 billion worth of market capitalization this month, according to CoinMarketCap.com. Bitcoin, the world’s largest cryptocurrency, established an aggregated low at $3,606 after dropping from its monthly high at $6,540. That marks a 44.8% drop between the month’s peak and bottom level. Other top cryptocurrencies also didn’t fare well during the November bloodbath. XRP, for instance, noted a 40.4% drop between its topmost and lowermost levels, while Ether fell 47.5% within the same parameter.

Stellar, the fourth largest cryptocurrency, survived with 30% of its market cap and value wiped off in November. EOS, the central asset of a semi-decentralized blockchain project, also plunged 45.65% within the…

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