A year ago, the cryptocurrency was still around $60,000. Now it’s $17,000.
(Photo: IMAGO/Panthermedia)
Dusseldorf The crypto market has stabilized again after another crash in the first week of November. Most recently, the price of the most important digital currency, Bitcoin, moved sideways at the $17,000 level, moving away from its recent low for the year of $15,657.
However, it is still too early to give the all-clear, as a look at history shows. Because in November, the oldest and most important cryptocurrency lost 16 percent in value.
And a weak November has always been followed by a weak December, according to data from the Bloomberg financial service. According to this, the Bitcoin price fell by an average of eleven percent in the last month of 2018, 2019 and 2021.
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