For a matter of hours before the end of the trading session on 24 November, the bears have dramatically increased the pressure and broke the support of bitcoin prices at $4180.
After a short term of trading in a horizontal direction, a strong impetus to the step-down sellers have broken the psychological price level of $4,000 per coin and BTC in less than one hour has reached $3753.
According to CoinMarketCap, just two hours of panic sales, the bitcoin market has lost more than $8 billion in volume and capitalization as of 01:45 GMT 25 Nov is estimated at $66.5 billion. the average price per coin BTC is $3845.
At bitcoin exchange Coinbase, at this point in time, bitcoin to US dollar is quoted at $3690. New record low price of bitcoin is fixed at $3675.
The price movement and low volume of purchases of bitcoin point to the fact that the fall of the cryptocurrency in the next few hours will continue.
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