The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
OHHH. What is the happening to the bitcoin price ? 6,300$ is not the bitcoins lowest level for this month. It drops more than 1,000$.
https://bitcointalk.org/index.php?topic=2391371.0Me too, I also wonder why there is a big dump? Then someone also said in the thread BCH is now pumping. From 1,247$ you have said today it is already 2,800$. So quick. What a lucky day for those who invested it. I hope bitcoin remains on top. Bitcoin drop is normal and will recover from this. But with the bitcoin drop, it already affects lots of people.