Bitcoin’s course on November 16 collapsed by more than ten percent, the COingecko platform data is evidenced. The cost of the most popular cryptocurrency decreased to $ 59,377.
The week Bitcoin lost about 12 percent, market capitalization is now 1.1 trillion dollars.
Bitcoin is cheaper against the background of information that China is preparing new limitations in the field of cryptocurrency. One of the new measures is the introduction of higher electricity prices for companies that continue to ignore a government ban on bitcoin extraction.
In early November, the cryptocurrency of Bila historical records, on November 10, the course reached a maximum of 69 thousand dollars. Representatives of the sector expected the Bitcoin course will grow up to 100 thousand dollars by the end of 2021.