As per Blockchainreporter, November marked one of the worst months for the crypto market in three years, with Bitcoin and Ethereum both posting significant declines. The U.S. government shutdown, which lasted longer than usual, contributed to heightened market fear and economic slowdown. While equities showed stronger resilience, Bitcoin fell to its second-worst monthly performance, and Ethereum recorded its second-worst month in the same period. Despite the downturn, prediction markets like Polymarket and Kalshi saw record trading volumes, with both platforms hitting new highs. Meanwhile, perp DEX activity slowed, and several major chains, including BNB Chain and Solana, experienced drops in fees and transaction volumes. Some altcoins, such as RAIN and STRK, bucked the trend with notable gains.
Crypto Market Posts Worst Month in Years Amid US Shutdown and Broader Downturn
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