{"id":14621,"date":"2022-11-19T17:09:54","date_gmt":"2022-11-19T17:09:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/thanks-to-the-ftx-collapse-bitcoins-price-in-november-2022-looks-to-join-the-4-previous-negative-novembers-of-the-past-11-years-market-updates-bitcoin-news\/"},"modified":"2022-11-19T17:09:54","modified_gmt":"2022-11-19T17:09:54","slug":"thanks-to-the-ftx-collapse-bitcoins-price-in-november-2022-looks-to-join-the-4-previous-negative-novembers-of-the-past-11-years-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/thanks-to-the-ftx-collapse-bitcoins-price-in-november-2022-looks-to-join-the-4-previous-negative-novembers-of-the-past-11-years-market-updates-bitcoin-news\/","title":{"rendered":"Thanks to the FTX Collapse, Bitcoin’s Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Since bitcoin\u2019s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin\u2019s history have seen monthly declines. Eight of the Novembers in bitcoin\u2019s price history saw bitcoin climb higher from the first of the month to the last day of November. Following the collapse of FTX, an event that took place immediately after the first week of the month, it looks as though bitcoin\u2019s price in November 2022 has a high probability of ending with negative percentages against the U.S. dollar. <\/strong><\/p>\n

Bitcoin in November<\/h2>\n

Things were looking on the upside, as far as bitcoin\u2019s price is concerned, a week before the FTX fiasco, as the leading crypto asset was trading above the $20K zone. On the first of November, bitcoin (BTC<\/a>) was changing hands for $20,485 per coin. <\/span><\/p>\n

Since Nov. 9, 2022, BTC<\/a>\u2019s price is close to $4K below that range at $16,664 per unit. Now that there\u2019s less than two weeks left in November, in order for BTC<\/a>\u2019s price to rise above what it lost, it needs to cross the $20,500 range or higher by Nov. 30, 2022. <\/span><\/p>\n

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At the start of the month, BTC<\/a>\u2019s price was more than 18% higher than it is today on Nov. 19, 2022.<\/figcaption><\/figure>\n

That means in order for bitcoin\u2019s November price to join the eight previous November bulls, between now and the end of November, BTC<\/a> needs to rise 18.7% against the U.S. dollar. <\/span>On Nov. 1, 2010, bitcoin started the month at $0.19 per token and by the end of November, it was $0.23. <\/span><\/p>\n

November 2010 was a 21.05% increase, even though BTC<\/a>\u2019s price only moved four cents higher than at the beginning of the month. 2011 was the first November when BTC<\/a> was down by the end of the month. <\/span><\/p>\n

Bitcoin started at $3.25 per unit on Nov. 1, 2011, and by the last day of November, it was down 15.38% and trading for $2.75. The following year in 2012, the price per bitcoin in November increased by 11.16% against the U.S. dollar.<\/p>\n

On Nov. 1, 2012, BTC<\/a> was $11.20 per coin and on Nov. 30, 2012, the price per bitcoin was $12.45. In November 2013, BTC<\/a> jumped a whopping 447% against the greenback that month. At the time, the price rose from $206.18 per BTC<\/a> to $1,129 a bitcoin.<\/p>\n

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November 2013 was bitcoin\u2019s best November in terms of gains. The crypto asset jumped a whopping 447% against the U.S. dollar in 2013.<\/figcaption><\/figure>\n

November 2014 was also a positive month for BTC<\/a>, but not nearly as high as the year prior. Bitcoin jumped 16% higher from $325.89 per unit to $378.05 a token. Bitcoin\u2019s USD value in November 2015 was almost identical to 2014 and the price increase was as well. <\/span><\/p>\n

BTC<\/a> jumped 14% higher from $325.43 a token on Nov. 1, 2015, to $371.29 per unit by the month\u2019s end. Both 2016 and 2017 November BTC<\/a> prices were positive as well. <\/span>During the first week of November 2016, BTC<\/a> was exchanging hands for $711.52, and by the month\u2019s end, it was 2.88% higher at $732.03. <\/span><\/p>\n

November 2017 was a bigger jump (25.96%) from $7,407.41 per BTC<\/a>, to the month-ending price of $9,330.55 per BTC<\/a>. Both 2018 and 2019 November BTC<\/a> prices saw declines yielding negative percentages. <\/span><\/p>\n

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Overall, bitcoin\u2019s price in 2022 has been less than spectacular and the price is down 63.77% in value since the first week of January 2022.<\/figcaption><\/figure>\n

In November 2018, bitcoin slipped from $6,376.13 per unit to $4,009.97, losing 37% that month. In November 2019, BTC<\/a>\u2019s USD value dropped from $9,235.35 per unit to $7,047.92 per bitcoin, sliding 23.68% lower. <\/span><\/p>\n

November\u2019s 2020 BTC<\/a> prices moved upwards from $13,737.11 on Nov. 1, to $18,177.48 by the month\u2019s end. Bitcoin\u2019s price in November 2020 moved 32.32% higher. <\/span>Bitcoin\u2019s USD value in November 2021 saw the price tap BTC<\/a>\u2019s lifetime high against the greenback at $69,044 per unit on Nov. 10, 2021. <\/span><\/p>\n

However, BTC<\/a> started the month at $63,326.90 and ended November at $57,248.46 per BTC<\/a>, losing 9.59% during the course of the month. From the current looks of things, it seems like the probability of November 2022 joining the past four red months during BTC<\/a>\u2019s lifetime of recorded value is much higher. <\/span><\/p>\n

1<\/span>8.7% is a pretty high climb from here but in the world of crypto, it\u2019s not out of the ordinary either. Overall, 2022 has been a lower year, in general, in view of BTC<\/a>\u2019s value against the dollar losing 63.77% since the first week of January 2022.<\/p>\n

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\nTags in this story
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$20500 range<\/a>, 18.7%<\/a>, 2011<\/a>, 2012<\/a>, 2017<\/a>, 2018<\/a>, 2019<\/a>, Bitcoin<\/a>, Bitcoin Price<\/a>, BTC Price<\/a>, BTC Prices<\/a>, BTC\u2019s lifetime high<\/a>, Nov 10 2022<\/a>, November<\/a>, November 2010<\/a>, November 2013<\/a>, November BTC prices<\/a>, November BTC trading<\/a>, November prices<\/a>, Percentage Gains<\/a>, Percentage Losses<\/a>, U.S. dollar<\/a><\/div>\n<\/div>\n

What do you think about bitcoin\u2019s price performance in November 2022 compared to all the past November performances in bitcoin\u2019s history? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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