In the words of Crypto Twitter traders, the market is “down bad” today. And with the daily close approaching (in candlestick-chart terms), it looks like the sell-off in Bitcoin (BTC) and altcoins is far from over.
On Nov. 9, Bitcoin price dropped to a new yearly low at $16,661, bringing the price back to levels not seen since November 2020 when the bull market that catapulted BTC to an all-time high of $69,400 first began.