Over the past several hours, bitcoin prices fell from $5,556 to as low as $5,146, according to CoinMarketCap, — a downswing of over 8%. The low represents a new bottom over the past 13 months, eclipsing the previous low of $5,158 on 12 October 2017 — extending the ongoing crypto bear market. Last week, price of Bitcoin dropped 15% from $6,392 to a local low of $5,560. Traders and enthusiasts are short of an explanation as to the cause of today’s drop.
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Bitcoin drops to a 13-month low written by Steven Zheng @ https://www.theblockcrypto.com/tiny/bitcoin-drops-to-a-13-month-low/ November 19, 2018 Steven Zheng