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BTC/USD Forecast: Crypto's “Red November”: $1.1 Trillion Leverage Purge Ushers in Extreme Fear – And Opportunity
It’s been a rough month for the crypto market, as the hopes for a strong showing as the year winds down turned into a Red November, with the market experiencing one of its most brutal pullbacks in history. The pain started with Bitcoin (BTC), the sector's bellwether, as King Crypto plunged more than 26% from its October peak above $126,000 to dip below support at $90,000 on Wednesday. The move effectively erased all gains for the year and pushed BTC into negative territory YTD. Looking at the broader landscape, the total market capitalization has declined more than $1.1 trillion since early October, with $600 ... (full story)
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