There has been a continuous decline in the crypto market for the last few days. The world’s largest and oldest crypto currency Bitcoin is also continuously trading in the red zone. On Thursday, November 20, the price of Bitcoin reached a low of $92,000 in early trading. Investors have lost more than $1 trillion so far due to the ongoing decline since October. There are many reasons behind the decline. The lack of prospects of interest rate cuts by the US government has kept investors from investing in crypto. Apart from this, continuous selling and withdrawal of money from Bitcoin ETF for the last 5 days has increased the pressure on the market. On November 18, Bitcoin broke a 7-month record by reaching trading levels below $90,000. As per today’s price, on November 20, Bitcoin is trading at $92,577.82, Ethereum at $3,035.42 and Solana at $143.71. Ethereum has declined by 21.44% in the last one month. Small investors are now participating less in the market, while big investors are still maintaining confidence. If you want crypto market updates and investment advice, watch the video till the end.
