According to Bitjie, the cryptocurrency market has experienced a sharp decline in November, with total market capitalization dropping from $4 trillion in October to approximately $3.09 trillion as of November 18, a loss of nearly $1 trillion in a month. The article explores the reasons behind the crash, including token unlocks, profit-taking, and macroeconomic factors. SOON dropped 33% in 24 hours and 44% weekly after a brief surge to $5.4 on November 15. PUMP fell 13% in 24 hours and 36% weekly, despite a $175 million buyback. STRK declined 12% amid a 5% token unlock and selling pressure from early investors. The broader market downturn is attributed to macroeconomic concerns, including high U.S. inflation and geopolitical tensions.
SOON, PUMP, and STRK Cryptocurrencies Plunge Amid Broader Market Sell-Off
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