Since bitcoin’s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin’s history have seen monthly declines. Eight of the Novembers in bitcoin’s price history saw bitcoin climb higher from the first of the month to the last day of November. Following the collapse of FTX, an event that took place immediately after the first week of the month, it looks as though bitcoin’s price in November 2022 has a high probability of ending with negative percentages against the U.S. dollar.
Bitcoin in November
Things were looking on the upside, as far as bitcoin’s price is concerned, a week before the FTX fiasco, as the leading crypto asset was trading above the $20K zone. On the first of November, bitcoin (BTC) was changing hands for $20,485 per coin.
Since Nov. 9, 2022, BTC’s price is close to $4K below that range at $16,664 per unit. Now that there’s less than two weeks left in November, in order for BTC’s price to rise above what it lost, it
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