Confirmed: November was the worst month for Bitcoin over the past seven years

Date:

2018-12-02 00:45:07

Views:

3325

Rating:

1Like 0Dislike

Share:

Confirmed: November was the worst month for Bitcoin over the past seven years Source:

Yesterday ended the worst month for Bitcoin over the past seven years. November 2018 brought the most losses to investors in the cryptocurrency. Recall, November 1, Bitcoin traded at 6341 dollar (the average price on the largest exchanges). Already at 00:00 UTC on the first of December the price of the coin amounted to 3964 dollar.

The Decline in prices by about $ 2,400 — a drop of 37.4 per cent in just thirty days. The last time so much damage brought only August 2011 when Bitcoin fell from 8 to 4.80 dollar that is 40% true.

the

the Worst is over?

Since Bitcoin is the first and largest cryptocurrency, all other projects of the stock market follow its price movement. Recall now capitalization of Bitcoin amounts to 53.5 percent of the total capitalization of the industry, which is currently hovering around $ 135 billion.

As a result of the November plum BTC just one coin of the top 25 were able to finish the month not in the negative. However, it is the exception rather the rule. By the end of November only increased SV, which has a total of 22 days of trading.

image Source — Coindesk

As you can see on the above chart, all the top altcoins fell at least 17 percent. Worst of all had Tezos holders, bitcoin fell more than 60 percent in just thirty days. On the second place among the losers of the Bitcoin Cash (58.5 per cent), three closes Vechain (54.1 per cent). Total top 10 coins on Coinmarketcap fell on average by 30 percent.

1-month chart of the stock market capitalization also shows a very bleak picture. In November he broke the psychologically important level of $ 200 billion and fell. The main thing now is to hold above $ 100 billion, to form a good bottom and start a new bullrun.

image Source — Coindesk

Never to buy the most unprofitable coins, ask the advice of our . There are able to exawatt in the crypt.

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The price pattern of Bitcoin is similar to the previous cycles. The New year will be bullrun?

The price pattern of Bitcoin is similar to the previous cycles. The New year will be bullrun?

With the largest collapse in mid-November, it's been a few weeks. What forecasts of prices we haven't seen during this time. showed that the coin still acts as a litmus test for the rest of the stock market and all other currencie...

Kriptosistem note: five main reasons hadlich Binance Coin (BNB)

Kriptosistem note: five main reasons hadlich Binance Coin (BNB)

2018 was very difficult for hontarov. While talking about something in terms of the red market is a very difficult question that worries many is whether still hudlite after these months. Maybe we have reached the bottom. Maybe not...

Ledger's Nano now supports Monero. Waiting for growth?

Ledger's Nano now supports Monero. Waiting for growth?

Now the Monero holders can feel more confident their coins are safe on the hardware wallet Ledger Nano S. As reported in Cointelegraph, the team Ledger expressed support XMR in the official press release. We will remind, earlier i...

Blockchain the phone from Sirin Labs for $ 999 is now ready. What surprised device?

Blockchain the phone from Sirin Labs for $ 999 is now ready. What surprised device?

Smartphone Finney, which began at the peak of the cryptocurrency boom, will go on sale in late December. Company Sirin Labs has introduced the final version of the design of the gadget at the event in Barcelona. The creators of th...

Dominicis: the Russians got a suspended sentence for triptorelin state servers

Dominicis: the Russians got a suspended sentence for triptorelin state servers

City court of Kurgan hacker sentenced to two years of conditional imprisonment for mining bitcoins at the expense of the servers of the government agencies and private companies. Zloumyshlenniki hacked the websites of state instit...

The Chairman of the NYSE supported the Bitcoin, despite the bear market

The Chairman of the NYSE supported the Bitcoin, despite the bear market

this week, the Bitcoin has received the support of one of the most important figures on wall street. The Chairman of the new York stock exchange and CEO of its parent company ICE Jeff Sprecher contrary to current headlines about t...

Zcash for dalistyle on Coinbase. Coin grew by 15 percent

Zcash for dalistyle on Coinbase. Coin grew by 15 percent

on Thursday, the platform announced that users can send the zcash for your account at Coinbase Pro. However, while traders are not able to buy or sell the coin to ensure the desired level of liquidity. Deposits will be accepted zc...

Chief economist at Allianz: cryptocurrencies will beat the bears, but will not detract from Fiat

Chief economist at Allianz: cryptocurrencies will beat the bears, but will not detract from Fiat

Cryptocurrencies will survive the current mass sale because this technology is with us for a long time. But soon they will not be able to outshine Fiat currency. This is the opinion of the chief economist of Allianz Mohamed El-Ari...

Satoshi is alive? In the developer profile Bitcoin there is a new message

Satoshi is alive? In the developer profile Bitcoin there is a new message

Satoshi Nakamoto, the Creator of the Bitcoin (if you don't know), again showing signs of life. On the eve of the profile Nakamoto, the network appeared in a short message «nour». Is he the man? Cryptoexpert divided into ...

The Ministry of Finance of the Russian Federation explained how to pay taxes with cryptocurrencies

The Ministry of Finance of the Russian Federation explained how to pay taxes with cryptocurrencies

the crypto currencies yet are not mentioned in any law of the Russian Federation, with officials already want to introduce taxation for cryptoendoliths. Due to multiple gaps in the laws to determine the order of payment of taxes d...

In Kaliningrad sold non-existent graphics card. The scheme disclosed

In Kaliningrad sold non-existent graphics card. The scheme disclosed

the Demand for mining hardware is falling, but the market is still full of wanting to buy cheap asik and GPU-farm. This is actively used by scammers and earn not very experienced citizens. Until recently, their customers were dece...

As the blockchain is associated with the gaming market? A detailed analysis

As the blockchain is associated with the gaming market? A detailed analysis

the Gaming industry in 2018 is a huge market with a volume of $ 140 billion. Naturally, this area blockchain just couldn't ignore. Now there are more games monetization strategy which is built on the technology of the blockchain. ...

Chairman NYSE supported the Bitcoin, despite the bear market

Chairman NYSE supported the Bitcoin, despite the bear market

this week, the Bitcoin has received the support of one of the most important figures on wall street. The Chairman of the new York stock exchange and CEO of its parent company ICE Jeff Sprecher contrary to current headlines about t...

When waiting for bullrun? Expert opinion

When waiting for bullrun? Expert opinion

According to David Puella, the stock market will reach its bottom or until the end of December or in the first quarter of 2019. The level of 4300 dollars was «comfortable» for a new flat after falling more than 35 percen...

Bitcoin above $ 4,000. Will the rollback the beginning bullrun?

Bitcoin above $ 4,000. Will the rollback the beginning bullrun?

After a hard period of falling investors finally experienced some relief surged above $ 4,000. The cryptocurrency has jumped to $ 350 up for just one day. Some analysts believe that this is not the end and the price rally may cont...

The bull of wall street: now the

The bull of wall street: now the "Golden" time to enter the cryptocurrency market

the Main cryptocurrency bull on wall street and co-founder of Fundstrat Global Advisors spoke at BlockShow Asia 2018. He identified three main reasons for the recent collapse of the stock market. In his opinion, it's controversial...

Important update pool 2Miners. What is personal success and why it is needed?

Important update pool 2Miners. What is personal success and why it is needed?

First we Oct for mining-pool 2Miners. The main new features are the e-mail notification, update miners 144.5, an increase in the minimum payments for some coins for the sake of the preservation of and superior to the Telegram-bot....

The Minister of economic development of Russia: Bitcoin a bubble, but it does have its advantages

The Minister of economic development of Russia: Bitcoin a bubble, but it does have its advantages

Russia is not striving to become a good place for cryptoendoliths. Miners and traders the crypt of assets are trying to push new laws on digital assets, as in the government constantly heard remarks about «bubble cryptocurren...