Will Bitcoin sink more or is upward move close? Amid investor caution, here’s what experts say on crypto market outlook

The cryptocurrency market, already in a slump, sank further on 21 November, with market capitalisation down from over $3 trillion the previous day to $2.18 trillion at the time of writing, at 6 PM, data on CoinMarketCap revealed.

Data on CoinGecko showed that over the past six-week period, the crypto market has lost close to $1.2 trillion in market cap cumulatively. This comes even after the world’s largest cryptocurrency, Bitcoin, touched an all-time record high above $1,20,000 in October. Since then, the token has lost 12% year-over-year (YoY), also posting a record single-day slump of $19 billion in October itself.