Bitcoin Plummets 20%, Stablecoin Market Caps Dive $2B: November Cryptocurrency Review

November proved challenging for the cryptocurrency market, with Bitcoin experiencing a significant drop of over 20% and its market capitalization dwindling by nearly $2 trillion. This decline is attributed to concerns surrounding potential interest rate cuts from the US Federal Reserve and worries about an impending AI bubble burst. The 50-day simple moving average crossing below the 200-day moving average on November 15th triggered bearish sentiment in the market.