eToro - Crypto Report (today)14 Nov 2022 16:14
In a troubling week for the crypto market, Bitcoin plunged to $16K as almost the entire asset class suffered large losses.
The falling prices mirrored the trajectory of the 2018 bear market, with Bitcoin hitting new lows almost exactly a year since the date of the previous all-time high in November 2021. Following this downturn, prices saw a slight recovery on an unexpectedly positive inflation report. Yet crypto still lagged far behind the stock market, which registered its best daily performance since March of 2020.