Bitcoin’s remarkable bull run this year reversed in dramatic fashion on Thanksgiving, as the price fell as low as $16,242 from $19,345 on Tuesday. That 16% drop was the largest since March, and put a major dent in a rally that was riding a fierce surge of momentum.

Bitcoin had roughly doubled between mid-September and Tuesday. Analysts floated several explanations for the drop, including speculation about a possible change in cryptocurrency regulations in the U.S.


(Excerpt) Read more Here | 2020-11-27 10:32:00
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