The market capitalisation of bitcoin, the world’s most popular cryptocurrency, fell by $264.28bn in 50 days.BTC rose to a high of $67,566.83 on November 8 but dropped to $56,942.14 on November 18, and continued to trade around the $50,000 mark for the rest of the month.
BTC closed trading at $57,005.43 in November, with a market cap of $1.08tn. It fell below $50,000 on December 4. BTC later rebounded towards the $50,000 mark but the uptrend was short-lived as it has trading below the $50,000 since December 13. It closed at $46,880.28 with a market cap of $886.33bn on December 19.
In October, BTC’s resistance against China’s influence increased as the digital currency’s price stayed close to $60,000.
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