Bitcoin Monday fell 12% below $5000 this year fell more than 65%

[TechWeb] November 20th news, according to the U.S. financial website CNBC reported, local time on Monday, the world’s largest encryption currency fell to its lowest level in more than a year. According to CoinDesk data show that bitcoin dropped to lows below $5000 $4883.09. In the past 7 days, bitcoin fell more than 22%, this year fell more than 65%.

After several months of relative calm, bitcoin last week began to teeter. Most of the time in 10 months, bitcoin transaction price has been hovering at around $6400, stopped earlier this year fluctuations. At that time, other global markets are selling bitcoin. Since last Thanksgiving, bitcoin prices have fallen more than 30%.

This week, the other major encryption currency are mostly lower, their performance this year is even worse than bitcoin. According to CoinMarketCap.com data show that the local time yesterday, the world’s second-largest XRP fell 5% Ethernet coins fell more than 13%.

Over the past week, encryption of money market total market value of the evaporation of about 400 billion dollars. Local time Monday, the total market value of about $172 billion in currency encryption.

Analysts will continue to sell bitcoin factors due to the technological level, below $6000 in the bitcoin market, stop trading orders come into effect.

After the bitcoin rally began in the United States holiday season last year, won the position of crypto currency known to every family at that time, and has become a common topic on the table.

At the end of last year 11 months, bitcoin topped $10 thousand mark. Before Christmas, the price of nearly $20 thousand, which is mainly driven by retail investors.

The rapid rise in the price of bitcoin coincides with the 12 month bitcoin futures market last year launched. Last December 17th, the Chicago Mercantile Exchange (CME) launched a bitcoin futures trading. The same day, bitcoin prices reached a peak. The Chicago Board Options Exchange (CBOE) in the previous week on the opening of the futures market.

Local time Monday, the lowest level since the two bitcoin futures fell to launch. The Chicago Mercantile Exchange (CME) bitcoin futures fell to $5015, while the Chicago Board Options Exchange (CBOE) bitcoin contract fell to $4990.

Some people pointed out that encryption currency bitcoin appeared bifurcation cash. Last week, this digital currency is divided into two versions: “bitcoin bitcoin ABC” and “SV”. Analysts said that both versions exacerbated the encryption market uncertainty.

US regulators cleared for non-compliance project encryption currency regulatory commitments last week. On Friday, the U.S. Securities and Exchange Commission (SEC) announced the implementation of the first civil penalties for encryption market founder, this is against the abuse of the digital currency industry in the growing and blatant fraud more massive regulatory and legal action against a part of.

According to Bloomberg News Agency reported that the European Central Bank (ECB) executive committee member Benoit Corey (Benoit Coeure) at the Basel international clearing bank (BIS) issued a new warning, encryption currency plummeted. (Fox)

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