Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook

Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook

The bitcoin price dropped by 31% since October 26, in just over a month. Yet, Blockchain Capital partner Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The cryptocurrency market showed signs of stagnation throughout November following China’s crackdown on small exchanges and the sell-off of bitcoin on spot exchanges like Huobi and Binance.