Cryptocurrency last week drop

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THE LAST TIME THIS HAPPENED: BITCOIN PUMPED 60% IN ONE WEEK!
The largest cryptocurrency by market cap plunged hard on Monday following a sell-off from digital asset fund manager Grayscale. The virtual coin dropped below. Ethereum, the second largest cryptocurrency, fell % to $2, Among smaller cryptos, Cardano was down % but Solana was up %. Dogecoin. The price of bitcoin dropped below $26, this week amid decreased activity in the market, the growing crisis in China's property sector.

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Related Terms. Chart analysts agree the cryptocurrency would have to fall further still for them to reconsider the strength of the rally. According to B2C2, an over-the-counter market maker, BTC has witnessed a preference for buyers in the past weeks and could be set to drop in the short-term. He resigned on Nov. Additionally, Coinshares indicated the sharpness of the decline in the bitcoin price on Thursday night was amplified by the unwinding of a large number of long positions in the bitcoin futures markets on various exchanges.