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Bitcoin Price Drops 7% Yet Again as Crypto Market Struggles to Retain Momentum

Photo #1 from Naranpar, India by Gaurav Raste made on 2018-11-27 09:47 for Sola

Throughout the past 24 hours, the price of Bitcoin (BTC) dropped from $4,065 to $3,600, reversing a short-term corrective rally.

The dominant cryptocurrency has been on a steep downtrend for several weeks but on November 26, for a brief of time, Bitcoin seemed to be initiating a corrective rally after reaching a new yearly low at around $3,400.

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