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

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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cnbc.comcnbc.comYun LiYun Li
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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December 16, 2019
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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 26, 2019
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November 25, 2019
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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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