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Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX
Reading now: 546
Bitcoin (BTC) dropped below $56,000 on Nov. 19, completing a near 20% correction from the all-time high. The Crypto Fear & Greed Index, which remained in the greed zone for most of the past two months, has plummeted into the fear category with a reading of 34.
Cryptocurrency research firm Delphi Digital said in a recent report that the sell-off in Bitcoin was “largely driven by a wave of liquidations rather than a fundamental shift in narrative,” and the analysts expect the drawdown to be “relatively short-lived.”
The recent correction does not seem to have shaken the long-term holders. According to the Hodl Waves metric, the supply held by investors who purchased over the past 6-to-12-month period has soared to 21.4% as of Nov. 17 compared
Read more on cointelegraph.comAbout this in other media
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