Bitcoin fell below 3500 U.S. dollars a August 2017 lows

According to coindesk data show that the price of bitcoin in Beijing time on November 25th at 5:30 in the morning to below $4000, and at around 18:30 below $3500, is a new low since August 2017. In the past 7 days, bitcoin prices fell to $more than 1700, a decrease of 30% compared to the end of the year highs at the end of December fell 81%.

November 25th BTC/USD

Now in the bitcoin cash 2 hard fork, claiming bitcoin founder Craig Steven Wright said the Australian may sell bitcoin background, some analysts believe it is therefore, bitcoin prices diving. Finance columnist Yin Haotian believes that the recent bitcoin currency prices, cash and coins (BCH) on bifurcation.

In addition, media analysts pointed out that because of infighting and exchange currency circle of confusion, so supervision started to increase, the United States Department of justice recently began investigating the end of the alleged manipulation of bitcoin cases. And after the U.S. Securities Regulatory Commission issued “on the digital asset securities issuance and trading statement” may also be the cause of the crash bitcoins.

Late for bitcoin prices, Oanda Corp Asia Pacific Trading director Stephen Innes said, bitcoin prices will fluctuate between $3500 to $6500, the current should not bottomed out.

According to Coinmarketcap data, in the past 24 hours 10 global password currency, bitcoin cash (BCH), star (XLM), Monteiro (XMR) and Cardano (ADA) fell more than 10%. But over the past week, the global digital currency market ranked in the top 100, there are 73 kinds of currency fell more than 30%.

Nearly a month, the global currency began to slightly reduce the encryption, digital currency value in the last two weeks there was a substantial decline. As of November 18, 2018 2081 global digital encryption currency, nearly a month of continuous trading market is slightly reduced, continued to increase, close to 16 thousand.

The global currency last year encryption total market capitalization trend (US $billion)

(source: Beijing News)

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