The cryptocurrency market has stabilized following a tumultuous November, which marked the industry's worst performance for the month since 2018. Bitcoin prices are currently hovering around $90,400, despite significant selling pressure originating from Europe. Data from Presto Research highlights that European trading sessions were the primary contributors to a 20% to 25% decline in Bitcoin and Ethereum prices, while Asian and US sessions remained relatively stable.
The market downturn in November was accompanied by notable position adjustments in listed crypto stocks, reflecting broader deleveraging trends. The macroeconomic environment continues to exert pressure on cryptocurrency prices, influencing market dynamics and investor sentiment.
Crypto Market Stabilizes After Worst November Since 2018
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