Crypto markets closed November with their steepest monthly decline since February, as exchange volumes plunged to $1.59 trillion and bitcoin ETFs hemorrhaged $3.48 billion in net outflows.
The sector-wide retreat accelerated Monday when Bitcoin crashed below $86,000, wiping out over $600 million in leveraged positions and extending losses that began weeks earlier when the world’s largest cryptocurrency tumbled from its $126,251 all-time high.
Source: TradingView
Trading activity across centralized exchanges fell 26.7% from October’s $2.17 trillion, marking the weakest performance since June