Bitcoin, the de facto leader of all cryptocurrencies, will be entering the month of November this 2022 with trading price that is severely subpar with what it had the same month last year.
The digital asset achieved a milestone on November 10, 2021 when it attained its all-time high (ATH) value of $69,044 which pushed its total market capitalization to over $1.2 trillion.
The crypto, however, has suffered great losses since then, losing 72% of its ATH as it continues to struggle to initiate a bullish run.
At press time, according to tracking from Coingecko, BTC is trading at $19,341 and is down by over 68% on a year-to-date basis. Its market cap was also affected by the severe price dump, plummeting all the way down to $371 billion.
But despite all of these, Bitcoin was still able to keep its status as the largest cryptocurrency in terms of overall valuation.
It also continues to show its dominance,…
