The cryptocurrency market suffered another sharp downturn on Wednesday, November 5, that marked a nearly $1 trillion monthly loss in market capitalization, which has dropped from $4.3 trillion recorded in early October to $3.4 trillion at the time of writing. Major cryptocurrencies all saw major losses. Bitcoin (BTC), down 8% on the week, tested the critical $100,000 support level, while Ethereum (ETH) dropped to $3,300, plummeting 16% over the same period. Institutional investors also pulled $1.15 billion from Bitcoin ETFs last week, signaling waning sentiment among traditional institutions, which were…
Read MoreCrypto market collapses by almost $1 trillion in a month
