Bitcoin prices end in November with the worst monthly decline in 7 years



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Bitcoin returned to the September 2017 set (Photo: Shutterstock)

At the end of November, Bitcoin closed its worst performance in seven years in terms of monthly price declines.

The biggest cryptome The world started the month at $ 6,341 and at $ 3,964 dollars, according to the CoinDesk price index.

The decrease of about $ 2,400 in the price of bitcoin generated a monthly performance of -37.4%, the worst since August 2011, when it dropped by -40% per month from 8 to 4.80 dollars.

(Source: Coindesk)

Bitcoin currently has a 53.5% market share, which of course means that all other cryptographic models tend to follow their price performance movements.

Thus, the market as a whole suffered a sharp decline last month, with only one of the 25 largest crypto coins in the world able to record a monthly gain.

(Source: Coindesk) [19659006] As shown in the graph above, double-digit devaluations were common among the world's largest crypto-coins in November. The Tezos (XTZ) recorded the worst performance of the month, recording a 61.5% loss with Bitcoin Cash (BCH) only 3% previously.

In addition, the average performance of the 10 largest while the average performance of the 25 countries was -37%.

The market regained its September 2017 levels

Monthly chart of the market value of crypto-coins

of market capitalization based on the price of a cryptocurrency multiplied by its current supply, the total market capitalization is affected when prices fall.

At the beginning of November, the total capitalization of the market was worth US $ 203 billion, but today it amounts to $ 130 billion, a loss of 35%.

The total market capitalization of crypto coins has already lost more than $ 690 billion (83%) of its value since the record high of $. 820 billion last January, second or CoinMarketCap.


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