After the brutal past couple of months, the crypto community welcomed December with open arms, but its first day brought nothing but pain before the market-wide structure finally improved.

But before we head into detail for the December 1 sudden crash, let’s first quickly recap what took place before that. Recall that bitcoin began its substantial correction after the ATH in early October, but the worst occurred in November when the bears had complete control of the market for weeks and drove it to a seven-month low of under $81,000 on November 21.

After the brutal past couple of months, the crypto community welcomed December with open arms, but its first day brought nothing but pain before the market-wide structure finally improved.

But before we head into detail for the December 1 sudden crash, let’s first quickly recap what took place before that. Recall that bitcoin began its substantial correction after the ATH in early October, but the worst occurred in November when the bears had complete control of the market for weeks and drove it to a seven-month low of under $81,000 on November 21.