In November, global inflation slowed among major world economies, with 17 G20 members experiencing lower inflation. Regulators worldwide are updating crypto tax policies as adoption increases. Seven countries, including the US, Spain, Switzerland, Brazil, Japan, France, and the UK, are considering changes to their crypto tax codes.

Bitcoin’s price slumped over 20% in November, dropping from $110,000 to $91,000. This marks the worst November Bitcoin has seen in years. Despite the downturn, some analysts remain optimistic about the future of the cryptocurrency market.

17% of the total Bitcoin supply is now owned by companies and governments. The rise of exchange-traded products and Bitcoin treasuries is leading to a higher concentration of BTC ownership, with institutional players having more influence than ever before.

Stablecoin market capitalization experienced a slight decrease of $2 billion in November, the steepest drop since 2022. USDT dominance grew while Ethena USDe slid by 26.8%. Concerns about stablecoin stability and increased regulatory oversight have impacted stablecoin markets. Total value locked on Ethena dropped as traders exited looping strategies.

Read more at Cointelegraph: Bitcoin Price Down 20%: November in Charts