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Bitcoin recorded its strongest monthly decline in years in November. The collapse in prices saw the besieged bitcoin lose the psychological level of $ 4,000 (£ 3,142) which was hoped to support the value this past week. Bitcoin is priced at £ 3.00 ($ 3,826) on Monday, December 3, at 7:00 pm GMT, according to CoinDesk.com.
Bitcoin dropped from £ 3,000 ($ 3,818) – close to its annual low at the end of November, lowering fears that the November route will continue in December.
And the largest cryptocurrency market has been hit even harder by the bear market.
It is believed that the sale of bitcoin fire was caused by disagreements between developers and bitcoin liquidity miners, known as "cash forks".
The two sides collided to direct the largest amount of computing power for their chosen cash bitcoin variant.
READ MORE: Leading bitcoin prices: November bear market 'NO worry'
And traders and investors then withdrew from the encrypted market, preferring a collapse in prices that would lose the war.
The market then panicked, leading many to decide to sell their cryptocurrency, fearing that last year's highs will never come back.
Added to this is the fact that the encrypted market concerns the long-awaited significant institutional investment that will never materialize.
Financial institutions have delayed the plans to launch bitcoin and cryptocurrency investment products.
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The sale of firefighting products could also affect the imminent decision of the US Securities and Exchange Commission on a bitcoin fund traded with interest, by the blockchain software company SolidX, the investment company VanEck and the Chicago Board Options Exchange.
The latest route and the return to price fluctuations after months a relative calm has undermined investor confidence, said Charlie Hayter, CEO of the Cryptocompare data company.
Mr. Hayter said: "The market has grown tired of high expectations and has been hit rather bloody".
The bitcoin flagship cryptocurrency was far from the biggest loser among other digitized assets, with litecoin and EOS having recorded the steepest falls in the last 24 hours.
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In other news, bitcoin SV, the forex bitcoin loser, could this week fall out of the top 10 cryptocurrencies.
The price has seen heavy losses almost daily since it separated from the bitcoin cash cryptocurrency last month.
And Ripple's XRP also reported a fall in prices, dropping by almost 5 percent in the last day.
However, the expected arrival of numerous institutional products is a reason for optimism.
These include the bitcoin futures of the Nasdaq exchange in New York from the start of next year, the ICE owner of the New York Stock Exchange and the Bakkt cryptocurrency investment platform sponsored by Starbucks.
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Last week, NYSE president Jeff Sprecher said, "The unequivocal answer is that digital resources will survive.
"As a foreign exchange operator, it is not our goal to oppose prices."
"Bitcoin somehow lived in a swamp and survived," added Sprecher.
"There are thousands of other tokens that you could argue better, but the bitcoin continues to survive, thrive and attract attention.
"Often in finance, it's not about being the best – it's about being the broadest and the most commonly accepted and for whatever reason the bitcoin has become so."
