Bitcoin Posts Weakest November Since 2018 With 20–25% Drop

Bitcoin remains near $90,400 after steep November losses, with European trading driving declines while Asia and U.S. sessions show stability, highlighting regional de-leveraging patterns.

BTC
ETH

Summary

Bitcoin traded around $90,400 on Tuesday following one of its worst Novembers since 2018, marked by 20–25% declines in BTC and ETH prices. According to Presto Research, European trading hours accounted for most of the losses due to pronounced de-leveraging, while Asian and U.S. sessions remained steady, reflecting distinct regional market behavior.

Terms & Concepts
  • BTC/ETH: Trading pairs representing Bitcoin priced in Ethereum or vice versa, commonly used to compare performance between the two cryptocurrencies.
  • Net Selling: A market condition where total sell orders exceed buy orders, indicating downward price pressure.
  • Presto Research: A market analytics firm providing data and insights on cryptocurrency trading activity across global sessions.