09:51
The crypto market suffered a heavy setback in November: volume saw a big dump, net outflow of Bitcoin ETF reached a record high, and expectations of interest rate hikes in Japan triggered a wave of dumping.
The crypto assets market experienced its worst falling trend since February at the close of November. The volume on centralized exchanges (CEX) plummeted to $1.59 trillion, a 26.7% month-on-month decline, while Bitcoin ETF recorded a net outflow of $3.48 billion in a single month - the worst performance since February.
The price of Bitcoin fell below $86,000 on Monday, plunging 6% during the Asian session, with a cumulative decline of 32% from the October high, triggering over $600 million in liquidations. BTC ($188.5 million) and ETH ($139.6 million) bulls were the hardest hit, and market panic spread.
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