The price of Bitcoin was just above $84,200 on November 22, as of 11:30 am. The price of the largest cryptocurrency dipped as low as $80,760.66 that wiped $2 billion in just 24 hours, and later recovered just above $85,000 in yesterday’s day’s trade.
According to crypto experts, the weak US jobs data increased selling pressure, while dovish comments from New York Fed president John Williams encouraged buying at lower levels.
“These swings caused $2 billion in liquidations within 24 hours, while a $4.2 billion options expiry added to the volatility. Looking ahead, key US macro indicators like PPI, jobless claims, and GDP will guide market direction. With the $80,000 support holding strong, a move towards the $88,000 - $90,000 is likely,” said Edul Patel, CEO of Mudrex.
The fluctuation in bitcoin’s price is just another example of the volatile nature of cryptocurrency. Yesterday’s fall of the crypto token was almost 27 percent down compared with its midnight price on November 1. Bitcoin hit the lowest in April 2025, when its price hovered around $75,000 level.
Prices of other tokens, too, have followed the downward trend this month, with Ethereum’s price hit by 28.78 percent, XRP by 19.55 percent, Binance Coin at 25.05 percent, and Solana fell around 31.08 percent in the last one month.
Check out below to see prices of top 10 cryptocurrencies.
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