Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX By Cointelegraph

Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

CryptocurrencyNov 21, 2021 07:40PM ET

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Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Bitcoin (BTC) dropped below $56,000 on Nov. 19, completing a near 20% correction from the all-time high. The Crypto Fear & Greed Index, which remained in the greed zone for most of the past two months, has plummeted into the fear category with a reading of 34.

Cryptocurrency research firm Delphi Digital said in a recent report that the sell-off in Bitcoin was “largely driven by a wave of liquidations rather than a fundamental shift in narrative,” and the analysts expect the drawdown to be “relatively short-lived.”

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

SHIB/USDT daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

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