Summary
Bitcoin is experiencing its biggest monthly price drop since a major crash in 2022. It fell by 6.4% recently, while Ether also saw a significant dip. The downturn comes amid extensive selling and the liquidation of leveraged positions worth billions.
Key Facts
- Bitcoin's price fell by 6.4%, briefly dropping below $82,000.
- Ether's value decreased by 7.6%, falling below $2,700.
- In November, Bitcoin lost about 23% of its value.
- This is Bitcoin's steepest one-month fall since June 2022.
- The recent drop has been influenced by the liquidation of $2 billion in leveraged positions.
- Despite this, the Trump administration has shown a pro-crypto stance.
