BITCOIN CONTINUES TO FALL
On Tuesday, November 20th , the bitcoin price continues to fall. At 09: 20 GMT the first cryptocurrency costs $4676,43 (-14,61%).
Ethereum trading at $140,84 (-14,88%). Ripple fell 0.31% to $0.483.
A day ago, the price of bitcoin exceeded $ 5500. Analysts still put forward different versions of the market decline. So, the main negative factor was the hard fork of Bitcoin Cash, held last week. Despite the fact that everything was successful, the split of the cryptocurrency into two blockchains — Bitcoin ABC and Bitcoin SV, destabilized the market. Investors have taken a wait-and-see position, so in the absence of demand for digital assets, they continue to fall in price.
The trading price of Bitcoin as of this writing is seated wearily at $4632.82, sadly, this was more than twice the token’s worth, which was bubbling at $14112.20 on the very first day of January 2018. Trading places with the $5,000 mark, the $4,000 level has now become the newest Bitcoin all-time low for the year.
Earlier, Thomas Lee , co-founder of Fundstrat Global Advisors, lowered his forecast for the bitcoin price at the end of the year from $25,000 to $15,000, which is still much higher than the value of the cryptocurrency at the moment.
