Crypto market cap of $ 70 billion in November, around 40% below the Bitcoin Down and Rally
This month he started $ 6,400 before falling $ 5,600 in a few weeks. This November has historically been one of the worst months in the history of Bitcoin. It was one of the fastest drops in $ 1,000 in a few hours.
It was steady around the $ 5,500 range when it fell to $ 1,000 again and was trading below $ 3,600. This month ended with a drop of around 38%, making it one of the worst months in the history of cryptocurrency.
It has managed to rally again to survive around $ 4,000. It seems that in November, JPMorgan Chase strategists had thrown bitcoin miners into towels in large scale in November, writing in a report.
It has refused to indicate why mining is happening in the informal for some people. However, as a result of this fall, partly due to the switching of other cryptocurrencies, JP Morgan Chase and Company says that after the fall of bitcoin, some people in the industry are losing money.
## Origin Global Trading CEO Michael Moro said.
This buyer is still keeping some cash on the isolation when it is still low. It is unclear whether it is below or before the next step is a brief period of consolidation.
Having failed to stay above the main support level of $ 5,850, Bitcoin did not take much to break the price. In January it is being released in partnership with The Intercontinental Exchange with the startup called Beckett, through the version of the Bitcoin futures.
This crypto has received the support of New York Stock Exchange Chairman Jeff Sprecher. Although the situation looks like there were many bright spots in the month.
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