Bitcoin plunged below $4,000 over the weekend and was recently near $3,400

Market news

27 November 2018

Bitcoin plunged below $4,000 over the weekend and was recently near $3,400

Bitcoin slumped 6% Monday, continuing a steep slide and bucking a modest rebound in stocks and oil.

"Bitcoin's value is always driven by the intensity of demand and supply, " says Edith Yeung, a partner at 500 Startups, an early-stage venture fund. "If the miners stop mining, bitcoin will not function...and the overall market will lose confidence. If there is no confidence, people will freak out and sell even more."

Futures: DAX -0.2% FTSE -0,1% CAC -0.1%

Treasury prices fell slightly on Monday, pushing yields higher, after a rally in risk assets sapped demand for haven assets like government paper ahead of a week of speeches by senior Federal Reserve officials

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