Another collapse - all major cryptocurrencies plummeted in a few hours

The value of all major cryptocurrencies, led by Bitcoin, fell sharply from the evening of November 15 to the morning of November 16. The reasons are not yet specified. The total market capitalization fell by about 8%.

What's known

The Bitcoin exchange rate fell from $66,281 to $60,408 (-8.9%). Market capitalization is now less than $1.15 trillion. A single Ethereum coin is valued at $4271 instead of $4764 (-10.35%), while capitalization has dropped to nearly $500 billion.

The digital currency BNB of the Binance exchange has fallen in price by 8.55%, from $655 to $599. You can now buy Solana for $225 instead of $246 (-8.54%), and one Cardano coin costs $1.92 instead of $2.09 (-8.34%). XRP dropped from $1.22 to $1.11 (-9.02%).

The top ten most popular digital currencies also fell in price. Thus, the value of Polkadot fell from $47.42 to $41.09 (-13.35%), and Dogecoin costs $0.2441 instead of $0.2639 (-7.5%). Note that Polkadot has fallen by almost a quarter during the week. Other cryptocurrencies are down 7-12%.

Source: CoinMarketCap