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Author Topic: Why bitcoin fell by to 30%?  (Read 295 times)
player514
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November 15, 2017, 07:33:55 PM
 #21

What are you referring too? When did bitcoin drop 30% recently?
on Monday morning the bitcoine rate fell to $ 5,605, which is 29% lower than the historic maximum at $ 7882 recorded on November 8. By November 10, the fall was already $ 1000 from this mark, and over the weekend it increased.

People pumping BCH and pulling out of BTC when they realized they wouldn't get anything from the fork that was supposed to happen. To be fair, bitcoin was bubbling up leading up to the fork, which was expected. It was also expected that it would drop. However, the BCH pump was very short lived. It's dropped a lot from its ath and bitcoin is climbing back steadily to where it was before. People who bought at around 6000 profited a lot.

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