RATE Group | Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K
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Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K

10 Nov Bitcoin Price Posts Strong Weekly, Monthly Closes — Traders Eye $11.9K

Posted at 06:10h in Bitcoin News by

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Crypto traders fully understand that there is never a boring day in the sector and the month of November started with a handful of tantalizing news stories. On Nov. 4, Bloomberg reported that two university researchers concluded that the entire 2017 Bitcoin rally to $20,000 was driven by one solitary whale. 

The next day the Stellar Development Foundation announced that it had destroyed 55 billion ($4.7 billion) (XLM) tokens in a move designed to make the ecosystem more efficient. 

On Nov.3 Huobi Global also announced that it would freeze the accounts of all United States-based customers starting on Nov.13. The exchange operator explained that its user agreement explicitly prohibits U.S.-based customers from using its trading platform. 

Until Nov. 13, customers can receive refunds in Bitcoin (BTC) or Tether (USDT) and clients who used margin traded have been told to return the funds borrowed and withdraw all remaining digital assets from their accounts.

All of this has taken place…

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