New Delhi, Nov 22
Bitcoin is sliding toward its steepest monthly decline since the 2022 crypto meltdown, with a sharp downturn in market sentiment, large-scale liquidations and institutional selling dragging the broader digital asset ecosystem lower.
This latest slump echoes the turmoil from 2022, when the implosion of Do Kwon's TerraUSD stablecoin sparked a chain reaction throughout the industry, spreading a wave of corporate failures and culminating in the bankruptcy of Sam Bankman-Fried's FTX exchange.
With November drawing to a close and volatility showing no signs of easing, traders remain on edge as Bitcoin teeters near key support levels, raising fears of further downside in the coming weeks.