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After take-off – fall: bitcoin collapsed by almost $ 3000
26.eleven.2021 [15:44],
Vladimir Mironenko

Bitcoin price changes in November resemble a roller coaster. For the first time in the past three years, surging 160% since the beginning of the year and breaking the $ 19,000 milestone, Bitcoin then fell in price by almost $ 3,000 in less than 24 hours.

studioEAST | Getty Images

Bitcoin price on Wednesday at 4:45 pm Moscow time was $ 19,374 when the fall began. According to the CoinDesk website, the fall accelerated at night, and on Thursday, by 12 o’clock Moscow time, the cost of bitcoin was $ 16 857.

Note that many analysts predicted overcoming the $ 20,000 bar. For example, Antoni Trenchev, managing partner and co-founder of Nexo, which provides loans secured by cryptocurrencies, said he expects bitcoin to rise to $ 20,000 or more.

“In the long term, I do not see anything that could stop the irreversible rise in bitcoin, – said Trenchev. – This does not mean that we will not have kickbacks along the way. See what happened in March. Bitcoin drops 40% in one day during coronavirus panic. A drop of 20-30% can and should be expected “.

As a reminder, Bitcoin peaked at $ 19,783 in December 20021. Having reached this milestone, the “bubble” burst, and the next year Bitcoin fell to $ 3122. Then on November 5, 2021, it exceeded the $ 15,000 mark, on November 19 – $ 18,000 and crossed the $ 19,000 mark on November 24.