Experts from the analytical company Santiment noted that the rate of the flagship cryptocurrency Bitcoin (BTC) fell to $15,800 as of November 21, 2022. This is the minimum value for the last 2 years. According to experts, user confidence in centralized exchanges has fallen to critical levels over the past six months.
Nevertheless, experts said: this can only benefit the entire crypto industry, since bitcoins (BTC) come under the control of their own owners, who massively withdraw their digital assets to personal wallets from trading platforms.
As of November 21, 2022, the Bitcoin exchange rate has fallen by 3.6% over the past day. Digital gold traded at $16,111 with a market capitalization of $309.56 billion. Intraday trading volumes traditionally rose after the weekend to $28.4 billion, up 82% from the same day yesterday.
The cryptocurrency sector has seriously lost over the past day. The total supply of all virtual assets decreased by 4.2%, falling to $834.1 billion
For example, the second cryptocurrency Ethereum (ETH) lost 7.35% of its value in the last 24 hours. It was available for purchase on the market for $1129. The total supply of coins amounted to $138.17 billion.
Among the virtual currencies included in the top 10, Dogecoin (DOGE) fell the most. Mem-coin quotes fell by 10.6% at once. It traded at $0.076 with a market supply of $10.1 billion.
Also, Solana (SOL) seriously fell in price, whose quotes fell to $11.78, or 9.6%. The total capitalization of the cryptocurrency was $4.27 billion.