Correction Deepens as Bitcoin Trades Below $60K: Market Watch – CryptoPotato

The situation in the crypto market worsened in the past 24 hours as bitcoin dropped below $60,000 for the first time since late October.

Precisely a week ago – on November 10th – the primary cryptocurrency was riding high and reached a new record of $69,000.

Instead of challenging $70,000, the asset reversed its trajectory and dumped by several thousand dollars in hours.

As reported yesterday, bitcoin plummeted to just over $60,000, thus losing $6,000 in a day.

Moreover, BTC fell to $58,600 before recovering several hundred dollars.

A week ago, the second-largest crypto saw a record of its own at nearly $4,900, but it’s down by more than $700 since then.

Solana, Cardano, Polkadot, Shiba Inu, Terra, Litecoin, Chainlink, Ripple, and Dogecoin are also deep in the red.

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