Bitcoin Drops on Regulation Rumours - Expert Commentary - Dukascopy Bank

Thu, 26 Nov 2020 11:25:21 GMT
Source: Dukascopy Bank SA
 

During Thursday, November 26, Bitcoin tumbled to its lowest level in 10 days. The BTC/USD exchange rate lost 10.73%.  

It is likely that the world's largest cryptocurrency declined due to rumours that the US was planning to implement new cryptocurrency regulations. 

Note that Bitcoin has extended gains 150% during this year.

Dukascopy Analytics previously wrote about the large market participant fueled surge of the cryptocurrency to its historical high levels. Read the article by clicking on the link below.


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