After months of sluggish price action, Bitcoin's value dropped significantly in November. For newcomers to the market, this is undoubtedly a shocking event, however, in fact, this is just a continuation of the cyclical rise and fall in the price of the world's first cryptocurrency. The value of Bitcoin will rise again as usual. The only question is what will serve as a catalyst for an increase in the price of a digital asset?
The Globee platform is an international payment service that conducts instant transactions on the Bitcoin network via the Lightning Network. Until yesterday, the GloBee crypto-processing service supported payments for Bitcoin Cash, along with Ethereum, XRP, Monero, Litecoin, Dogecoin and Decred.
The intense decline slowed down slightly towards the end of this week. Market activity is expected to be low this weekend. Pairs will continue to consolidate near key support levels
The total market capitalization of the cryptocurrency market has fallen 80% from $819 billion in January 2018 to $138 billion today. By comparison, McDonald's current market capitalization is $140 billion.
This decision was made against the background of the declining price of Bitcoin, due to which mining companies are forced to close due to lack of profit. According to a report, the Norwegian government has announced that the country's cryptocurrency miners will pay the usual electricity tax starting in the New Year.
Ricardo Spagni, a member of the core team and developer of Monero, explained what consequences the Monero network would face if the Bitcoin developers decided to introduce anonymity into the Bitcoin protocol.
A newly discovered vulnerability in the GasToken token, which runs on the Ethereum blockchain, could allow hackers to withdraw funds from exchange hot storage wallets, or even counterfeit tokens for profit.
Bitcoin's steep rise in recent weeks has made traders and investors nervous. Since the spread of the crypto industry has become a global phenomenon in recent years, experts, analysts and ordinary users are trying to predict the behavior of crypto assets.
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