(BTC) dropped under $56,000 on Nov. 19, finishing a close to 20% correction from the all-time excessive. The Crypto Worry & Greed Index, which remained within the greed zone for a lot of the previous two months, has plummeted into the concern class with a studying of 34.

Cryptocurrency analysis agency Delphi Digital stated in a latest report that the sell-off in Bitcoin was “largely pushed by a wave of liquidations somewhat than a elementary shift in narrative,” and the analysts count on the drawdown to be “comparatively short-lived.”

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Each day cryptocurrency market efficiency. Supply: Coin360