November of this year was the worst month for Bitcoin in the last seven years.

In November 2018, the price of Bitcoin showed the worst dynamics in the last seven years. If on November 1, the weighted average price of BTC was $ 6340, then today, December 1, Bitcoin is trading at around $ 3980 .

Thus, over the course of just one month, the rate of the first cryptocurrency fell by $ 2,400, or 37.2%. Worse, the result was back in August 2011, when in 30 days the price of BTC fell from $ 8 to $ 4.80 (- 40%).

Data: CoinDesk

As before, Bitcoin is the largest cryptocurrency by market capitalization ($ 69 billion), while its market dominance index is 53.6%. The remaining digital assets continue to respond sharply to the slightest fluctuations in the BTC price. As a result, the prices of the vast majority of cryptocurrency ended last month with a negative result.

For example, from the first 25 cryptoactive assets CoinMarketCap, only Bitcoin SV, which represents fork of Bitcoin Cash , showed a positive trend in November. Note that this cryptoactive "was born" less than a month ago, on November 15.

In the graph above, you can see that in almost all of the most capitalized cryptocurrencies, the magnitude of losses during the month is measured in double digits. Tezos (XTZ) showed itself the worst, the price of which decreased by 61.5%. Slightly better result was shown by the main fork of Bitcoin – BCH (- 58.5%). The first ten capitalization cryptocurrencies by the end of the month slipped by an average of 30%.

As for the total market capitalization, if on November 1 this figure was $ 203 billion, now it is $ 129 billion (- 35%).

Note that the record indicators of the total market capitalization were recorded in January 2018 ($ 834 billion). Since then, the total value of cryptocurrencies on the market has decreased by $ 690 billion.

Data: CoinMarketCap

Earlier, a Twitter user named Plan B came to the conclusion that Bitcoin will start to grow 12 months before the halving , to be held on May 25, 2020.

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