RATE Group | Bitcoin price latest: BTC sell-off is BACK as cryptocurrency records shocking November |…
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Bitcoin price latest: BTC sell-off is BACK as cryptocurrency records shocking November |…

04 Dec Bitcoin price latest: BTC sell-off is BACK as cryptocurrency records shocking November |…

Posted at 00:10h in Cryptocurrency News by

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Bitcoin recorded its steepest monthly declines in years in November. The price plummet saw the beleaguered bitcoin lose the psychological $4,000 (£3,142) level that was hoped to support the value this last week. Bitcoin is valued at £3,006 ($3,826) on Monday, December 3, at 7:00 pm GMT, according to CoinDesk.com.

Bitcoin dropped as low as £3,000 ($3,818) – close to its yearly low at the end of November, stocking fears that November’s rout will continue in December.

And the wider cryptocurrency market has been hit even harder by the bear market.

The bitcoin fire sale is believed to have caused by a disagreements between developers and miners of bitcoin cash – known as the “cash fork”.

The two sides clashed to direct the largest amount of computing power to their chosen bitcoin cash variant.

READ MORE: Bitcoin price plummet: November’s bear market ‘of NO concern’

And traders and investors then backed away from the crypto market, preferring a price collapse than lose the…

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