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This is how the crypto market behaved in November

BTC was down almost 7% despite registering its ATH in the middle of the month.

The crypto market closed November with erratic returns. Some of the main cryptocurrencies had significant jumps, while others suffered strong corrections and reached the change of the month in full recovery. December could be an extremely attractive month for the crypto ecosystem, with new all-time highs for its main assets.

Bitcoin (BTC) failed to maintain October’s performance and fell more than 6% in during the 11th month of the year. However, the benchmark cryptocurrency achieved its ATH on November 10 last by posting a mark of $ 68,800, but subsequent profit-taking led to a 20% correction. BTC ended the month at $ 57,300.

On the other hand, one of the cryptocurrencies that had the best monthly performance was Ether (ETH). The leading altcoin also suffered a sharp correction after its ATH at the beginning of the month, but during the last few days it managed to rebound and is again very close to its all-time high. November left with a 10% gain for ETH, hovering at $ 4,700.

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Among the top 10 cryptocurrencies, the other two that grew were Binance coin (BNB) and Solana (SOL). Binance’s native token jumped 20% monthly to close at $ 633, while SOL – which just saw the launch of a fund of its own at Grayscale – ended the month at $ 215 after a nearly 9% rise.

The biggest drops were for Dogecoin (DOGE) and Cardano (ADA) with 21% and 19%, respectively. These two assets were part of the 5 cryptocurrencies with the worst monthly performance of the entire market, a table led by Shiba Inu (SHIB) with a decrease of almost 34% per month. Lastly, Polkadot (DOT) and XRP closed the month down 12% and 7%.

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The arrival of December fills the entire crypto market with expectations, mainly due to the historical factor. In both 2017 and 2020, the final month of the year brought meteoric gains for BTC and some of the major altcoins, and analysts believe that 2021 will be no exception.

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