RATE Group | Bitcoin price news: Cryptocurrency RECOVERS after November price crash WIPED OUT 17% | C…
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Bitcoin price news: Cryptocurrency RECOVERS after November price crash WIPED OUT 17% | C…

30 Nov Bitcoin price news: Cryptocurrency RECOVERS after November price crash WIPED OUT 17% | C…

Posted at 06:39h in Cryptocurrency News by

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BTC experienced a price plummet this month, with the virtual asset dipping to its lowest point since September 2017. On Wednesday morning bitcoin climbed to a value of $4,385 (£3,400) by 8pm GMT, according to CoinMarketCap. Since then the asset has found stability, hovering in approximately the same price area from Thursday through to Friday.

At the time of writing, BTC was worth $4,240 (£3,300), in an indication it was beginning to find stability since the price plunge.

But signs of bitcoin’s recovery over recent days may be short-lived, as the asset is typically unpredictable.

Before the crash this month, bitcoin had just come out of a period of remarkable stability for the digital asset, which is known to experience vast swings in value over short periods of time.

At the start of November, the world’s leading cryptocurrency all but flat-lined at roughly £5,000 before rapidly plunging on Wednesday, November 14 in a downwards spiral that continued until the end of the…

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