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Nov 13

Bitcoins Rebounds After A Weekend Tumble

Bitcoin is usually a little wobbly on the weekends and this weekend was no exception. On the other side of the coin so to speak, Bitcoin Cash saw it highest increase to date..

Let’s take a look at the latest report from Cryptocoins News.

Rollercoaster Weekend: Bitcoin Price Falls From $7,300 to $5,600 and Rebounds to $6,200

Joseph Young on 13/11/2017
Within a single weekend, from November 11 to 12, the bitcoin price plunged from $7,300 to $5,600, and recovered to $6,200, in less than 48 hours.

Beginning late Saturday evening, the bitcoin price began to fall from $7,300 to $6,900, as Bitcoin Cash started to record major gains. By Sunday morning, the price of Bitcoin Cash has surpassed $2,900, a new all-time high, while the price of bitcoin plummeted to $5,600.

As such, the rapid surge in the market valuation of Bitcoin Cash and abrupt plunge in the price of bitcoin led to serious market turbulence and uncertainty, as a relatively large portion of investors initiated a sell-off of bitcoin.

You can Read the rest of the story at https://www.cryptocoinsnews.com/in-one-weekend-bitcoin-price-falls-from-7300-to-5600-and-rebounds-to-6200/

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