Bitcoin fell by more than 4% per day

The flagship cryptocurrency fell by 4.6% over the past day — bitcoin returned to its previous levels, trading at $ 19,709 at the time of writing. Overall, the entire cryptocurrency market lost more than 3% of its capitalization in 24 hours. This figure currently stands at $ 985.73 billion.

As for the main altcoin, it has lost the key support level of $ 1500 — currently, ethereum is trading at $ 1482, having lost 4.6% over the past day. Elon Musk’s favorite cryptocurrency fell by 10.5%, with Dogecoin quotes at $ 0.102. Solana also showed a significant decrease in value, losing 10.8% over the past day. At the time of writing, the price of SOL is $ 27.82.

It is worth noting that members of the CoinMarketCap cryptocurrency community expect the flagship cryptocurrency to rise in value in the near future, and the new price will become the basis for further growth. According to the forecasts of the crypto community, bitcoin will trade at an average price of $ 21,451 by the end of November.

As for cryptocurrency analysts, Michael van de Poppe, founder of Eight, is convinced that bitcoin will rise to $ 30,000 in November. According to the expert, bitcoin has been consolidating around $ 20,000 for a long time, so we can expect growth in the near future. «Within two to three weeks, bitcoin will break through several levels. I think we will reach $ 30,000,» Michael van de Poppe said.