Bitcoin's freefall coincides with Ethereum's 8% drop. Did you hit the selling wave of the cryptocurrency market How did the selling pressure increase? The cryptocurrency market faced increased selling pressure on Saturday and Sunday morning, and the bearish wave spread to most of the major cryptocurrencies in the market.
On Sunday, November 15, Bitcoin retreated to the $63,772 range and approached a three-month low.
Ethereum also fell to $1,749.20 in Sunday trading, hitting its lowest level since July 3 and hitting a four-month low.
In the upcoming trades, Bitcoin's reaction to the $63,000 range and Ethereum's behavior in the $1,740 range will be very important. Maintaining these ranges can provide the basis for reducing selling pressure and creating new efforts to recover the price.
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