Is Bitcoin Facing Its Worst Monthly Drop Since 2022?
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Synopsis
Bitcoin is on course for its most significant monthly decline since the 2022 crypto crash, driven by a sharp downturn in market sentiment and massive liquidations. This situation has left traders on edge, raising fears of further declines in the coming weeks. What does this mean for the future of cryptocurrencies?
Key Takeaways
- Bitcoin is nearing its worst monthly decline since June 2022.
- Market sentiment has sharply declined, affecting the entire digital asset ecosystem.
- Institutional selling and forced liquidations are key factors in the downturn.
- The total crypto market cap has dipped below $3 trillion.
- Traders remain anxious as Bitcoin hovers near crucial support levels.
New Delhi, Nov 22 (NationPress) Bitcoin is currently on track for its most significant monthly downturn since the 2022 cryptocurrency crash. The sharp decline in market sentiment, coupled with widespread liquidations and institutional sell-offs, is pulling the entire digital asset market downwards.
As per CoinGecko, around 11:30 AM (Indian time), Bitcoin was valued at $84,226.98, reflecting a 2.1% drop in the last 24 hours. The premier cryptocurrency has suffered a loss exceeding 12% over the past week and has plummeted by more than 22% in the last month.
This recent fall adds to a sell-off that has erased nearly a quarter of Bitcoin's value in November, marking its worst monthly plunge since June 2022.
On Friday, Bitcoin experienced a drop of up to 7.6% to $80,553 before recovering slightly. Ether also faced significant selling pressure, dropping by 8.9% and dipping below $2,700, while various smaller altcoins reflected this overall downturn.
The broader cryptocurrency market has not remained unscathed. The total market capitalization of all digital assets has fallen below the $3 trillion threshold, reaching its lowest point since April, according to CoinGecko.
Market experts believe that the ongoing rout is due to a combination of forced liquidations, institutional profit-taking, and a rapid decline in trader confidence.
This steep correction follows the massive liquidations on October 10, which eliminated nearly $19 billion in leveraged positions and removed about $1.5 trillion from the global crypto market.
This decline occurs despite indications of increasing political backing for digital assets under US President Donald Trump, along with a steady rise in institutional interest. After hitting an all-time high in early October, Bitcoin has since dropped over 30% from that peak.
This latest downturn mirrors the upheaval of 2022, when the collapse of Do Kwon's TerraUSD stablecoin triggered a chain reaction across the industry, leading to numerous corporate failures and culminating in the bankruptcy of Sam Bankman-Fried's FTX exchange.
As November draws to a close and market volatility persists, traders remain anxious as Bitcoin hovers near critical support levels, raising concerns of further declines in the upcoming weeks.
Point of View
I believe that the current situation surrounding Bitcoin reflects the inherent volatility of the cryptocurrency market. While the downturn is alarming, it is essential for investors to stay informed and assess their strategies carefully. The digital asset landscape is ever-evolving, and those who navigate it with caution may find opportunities amidst the chaos.
NationPress
22/11/2025
Frequently Asked Questions
What is causing Bitcoin's decline?
Bitcoin's decline is attributed to a mix of forced liquidations, institutional profit-taking, and a sudden drop in trader confidence.
How much has Bitcoin lost this month?
Bitcoin has lost over 22% in value over the last 30 days.
What impact has this had on the overall crypto market?
The total market capitalization of all digital assets has fallen below $3 trillion, the lowest since April.
Is this the worst monthly drop for Bitcoin since 2022?
Yes, this is Bitcoin's most significant monthly decline since the crash in June 2022.
What does the future hold for Bitcoin?
While the market remains volatile, traders are cautious as Bitcoin approaches critical support levels, indicating potential for further declines.
