RATE Group | Bitcoin price news latest: Cryptocurrency could BOUNCE BACK before year-end, say experts…
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Bitcoin price news latest: Cryptocurrency could BOUNCE BACK before year-end, say experts…

27 Nov Bitcoin price news latest: Cryptocurrency could BOUNCE BACK before year-end, say experts…

Posted at 06:30h in Cryptocurrency News by

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Over the Black Friday weekend, BTC and rival cryptocurrencies plunged to new lows. The slump brought the market to its lowest point since last September. But towards the end of 2017 BTC surged in value – and some experts are questioning whether the same could happen again.

Cryptocurrency expert Samuel Leach suggested “market fragmentation” was to blame for the price crash, referring to a so-called “hard fork” earlier in November.

However, the founder of Yield Coin gave bullish predictions for the digital asset, saying it was “only a matter of time” before a major upwards breakout.

He told Express.co.uk: “The bitcoin downturn that we’ve seen over the past 48 hours is most likely as a result of market fragmentation, with Bitcoin Cash – the fourth largest currency in terms of market capitalisation – experiencing a hard fork earlier this month.

“While the split didn’t directly impact Bitcoin Cash’s predecessor, it comes as little surprise that secondary…

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