Bitcoin just lost $800 billion in a wild November
Bitcoin took a heavy hit this month, dropping 32% from its October peak and wiping out about $800 billion in market value.
Ethereum also fell hard, losing around 40%.
Bitcoin is down more than five percent so far this year.
Why does this matter?
More than $1 trillion vanished from the crypto market in just weeks—ouch.
The selloff was fueled by forced liquidations and big investors pulling money out of crypto ETFs.
It's clear that people are getting more cautious with risky assets.
What caused the crash?
A $19 billion forced liquidation kicked things off in October, and selling pressure kept building as job data weakened and hopes for Fed rate cuts faded.
Crypto ETFs saw over $4.7 billion pulled out (mostly from Bitcoin funds), though coins like Solana actually gained some interest.
More uncertainty from regulators and tech
Regulatory delays and shaky tech stocks added to the stress, making crypto feel even riskier right now.
The quick price swings show just how jumpy investors are getting about digital assets these days.