BitDigest November 30 · Issue #793

• Digital currencies have jumped back since last week’s Thanksgiving sell off with bitcoin and the total crypto marketcap only down 4% since Wednesday morning. In response to questions as to what happened, there were several factors that led to the drop including:

1. Significant liquidation of bitcoin futures contracts;
2. Hodler profit taking as well as atypical sales from traders liquidating positions on the OKEx exchange as well as Americans finally being forced to leave Binance; and
3. New fears that bitcoin’s price escalation could lead to regulations banning the  digital currencies.

• Chinese President Xi calls on ASEAN bloc to support digital Silk Road
• Libra could release by January

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