Bitcoin price on Wednesday dropped to their lowest in a month. The most popular cryptocurrency declined to $55,460.96 on November 24. Multiple factors were at play behind this decline, analysts believed. End of year profit-booking, increasing selling pressure and Indian government’s decision to introduce ‘Cryptocurrency and Regulation of Official Digital Currency’ bill soon kept the cryptocurrency world under pressure.
The world’s largest cryptocurrency by market capitalisation fell 0.58 per cent to $56,607.05, according to CoinMarketCap at 0800 hours on November 24.
Source: News 18
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