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Bitcoin Declines In November As Chinese Euphoria Fades

From forbes.com

Bitcoin suffered some notable losses last month, following a downward trend as it experienced lackluster trading volume and negative sentiment. The world’s most prominent digital currency endured these declines after enjoying sharp gains the month before, surging nearly 40% in a matter of hours after China’s head of state made optimistic comments about blockchain technology. The cryptocurrency started November at $9,131.42, before rising to as much as $9,526.17 on November 4th and then plunging more than 30% to a monthly low of $6,524.55 on November 25th, CoinDesk figures show. [Ed note: Investing in cryptocoins or ... (full story)

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  • Category: Fundamental Analysis