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November 13, 2017, 02:55:22 PM |
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You can never truly know why the price fluctuates as it does. The main reason most likely for the recent price correction was the fast run up from $5500 to $7500 and the announcement of the cancellation of Bitcoin Segwit 2x hardfork. Once cancelled, all the money that rushed into Bitcoin for the hopes of claiming their hard forked coins left Bitcoin, and back into altcoins. I believe the price hit $5500 as a low and is currently at time or writing, sitting at $6500, so a good bounce back!
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