Crypto Market Slumps: Bitcoin Falls Below $102k, Altcoin Drops Continue

The cryptocurrency market experienced a significant decline in November, with total capitalization now hovering around $3.42 trillion, a drop of roughly 12% from early-month highs of $3.9 trillion. This dip has wiped out billions in value as traders liquidated positions exceeding $2 billion over the past week. The decline was driven primarily by over-leveraged long trades.