BUSINESSTECH
Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown
BUSINESSTECH

Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

Published: November 25, 2019  |  2 min read, 305 words
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What a tough month it has been for bitcoin. The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. It lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved in cryptocurrency operations, a reversal from President Xi Jinping’s previous signal to be more open to the blockchain technology. The coin last traded at $7,150.79. Bitcoin jumped to above $10,000 briefly last month after Xi sang the praises of blockchain in a speech and called on his country to advance development in... READ MORE
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Balanced
December 10, 2019
Balanced
A simple, straightforward look at some recent perturbations in the crypto-currency market. Helpful information on background, so to speak, with regard to the actions of particular governments exercising their power in these matters. Some interesting links but not particularly significant or notably helpful with regard to context. Quotes provided are generally useless and add nothing to the reporting. Balanced but only insofar as there isn't much else to say in this particular regard. As as aside, it is interesting to note that two writers share a byline on a piece of less than four hundred words. A worthwhile read only if this area of financial speculation is of interest. Other than that, a waste of two-three minutes.
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PUBLIC REVIEWS

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December 16, 2019
Balanced
This is an interesting glance into how global cryptocurrency is and how there are so many factors that affect its value. It's very brief though.
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November 25, 2019
Balanced
This is a very brief, yet balanced report on this month's Bitcoin price drop. It gives some good context as to other Bitcoin historical price drops and recoveries and doesn't use this week's poor performance to overtly attack the cryptocurrency. The read is definitely for beginners, rather than readers already in the know and seeking a deep dive into the price action.
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November 26, 2019
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