**Last Month Closed as November, Bitcoin Plunges 17% in One Month**
Bitcoin's (BTC) journey in November closed with a decline of up to 17.6%, according to Coinglass data. Therefore, this event is usually referred to by market participants as Novemberbear.
This further exacerbated October's record, which closed at -3.7%. Typically, the same trend will occur in the following month.
It is known that during November, Bitcoin briefly touched US$80,000. As a result, US$1.91 billion, or approximately Rp31.92 trillion, was liquidated. This level is almost equivalent to the level during the Covid-19 pandemic.
For your information, Bitcoin is now at US$85,000, a decline of 5.4% in the last 24 hours.
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
