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Bitcoin {BTC} struggles to head beyond $9500; Bitmain encounters massive problems

Bitcoin

Bitcoin is positioned at #1 in the market, with a dominance rate of 66.8% associated with it. The trading volume recorded stands at approximately $22.151 billion, whereas the supply has 18,033,575 BTC coins involved as part of circulation. The total market cap of Bitcoin amounts to $168.106 billion for now. The price dipped marginally, at a rate of 0.55% in the course of the past 24-hours; this, in turn, caused BTC to decline and reach all the way down to the $9321.87 mark where it presently rests.

While the digital currency may be affected by buyers in the near or distant; bearish pressure has climbed over the span of a day. However, this top-ranked cryptocurrency has been fluctuating for more than a week and may continue to do so for the next few days. That is if fresh bullish forces don’t creep in by the end of November.

The battle between Jihan Wu and Micree Zhan has reached a fever pitch. Wu is a Bitcoin Cash enthusiast and allegedly removed Zhan from the organization [which is in-charge of mining massive quantities of BTC in China]. Zhan now hopes to take over the company once again and has stated that he won’t be forgetting about this terrifying betrayal anytime soon. Take a look at this letter ladies and gentlemen:

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.