Based on Bitcoin.com, the global crypto market lost $280 billion in the second week of November, bringing total capitalization to $3.3 trillion as Bitcoin (BTC) fell below $100,000 for the second consecutive week. Bitcoin dropped to $94,623 on Nov. 14 before rebounding above $95,000, with analysts warning it could fall further toward $89,000. Altcoins like Ethereum (ETH), BNB, Solana (SOL), Cardano (ADA), and Chainlink (LINK) all closed the week down between 5%–10%, while privacy coins Zcash (ZEC) and Monero (XMR) rose 13% and 18%, respectively.
Crypto Market Loses $280B in November, Bitcoin Slips Below $100K
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