Bitcoin Drops 21%: Industry Leader Sees Consolidation

Bitcoins value plummets by over twenty-one percent in November, following a record high of one hundred twenty-six thousand dollars in early October. This decline, attributed to investors reducing cryptocurrency holdings and risk aversion, is not isolated to crypto. Global markets have experienced a sell-off due to concerns about AI valuations. Despite the dip, bitcoin is still trading at more than double its value from early 2024. This period of consolidation is seen as healthy for the industry, allowing it to stabilize.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.