Here is what you need to know on Thursday, November 21: Bitcoin plunges below $8,00, dragging cryptos down Thursday’s trading is marked by a sea of red, without a single downward driver, but with an accumulation of downbeat developments. Cryptocurrency markets – Bitcoin has been dropping, hitting a new low of $7,876, down nearly 2% on the day. The granddaddy of digital coins is trading at a four-week low. – Ethereum is also dragged lower to around $175 but experiencing a more moderate drop. Vitalik Buterin’s brainchild has been able to weather the storm partially. – Ethereum Classic is also outperforming its peers with a minor slide of only 0.3%, trading above $34.3. ETC/USD may advance up the ladder in terms of market capitalization. – Ripple is extending its slump below $0.25. Reportedly, som XRP transactions were involved in financial pyramids. – STR/USDT stands out with a fall of 5% and is now fighting to hold onto $0.60. Bitcoin Confluence: Path of least resistance is down: The confluence chart is bearish for BTC/USD. The path of least resistance is down. Chart of the Day: TRX/USD in a tricky situation TRX/USD must defend the falling channel for dear life as the channel support has been tested severally amid the declines from $0.0230. Bullish efforts have been thwarted at $0.0170 culminating in loses likely to taste $0.0160 TRX/USD 4-hour chart Industry News: Scams and bridges – Bitcoin Miner Canaan has had a lackluster IPO, losing a banking partner and netting only $900 million. – A US Think-Tank has released a report investigating illicit dark web transactions. – Ruja Ignatova, also known as the “Crypto Queen,” has allegedly paid $50 to Mark S. Scott, a lawyer, in order to launder funds. The case is being heard in a New York court. Ignatova is on the run. The OneCoin venture is notorious for being one of the worst scams, according to experts. Neil Bush, brother of George W. Bush, the 43rd US President, has reportedly participated in a meeting that included the fugitive. – On the other hand, Binance is making strides in India, purchasing WazirX, a leading Bitcoin exchange. Customers will be able to use Indian rupees from November 25. The regulation of digital coins in the world’s most populous country has been severely tight. – Another piece of positive news comes from a Bloomberg Panel, in which experts said that Bitcoin is becoming more attractive in times of global uncertainty. Quote of the Day: Pomp invokes PayPal Anthony Pompilano (@pomp) tweets about Dan Schulman: PayPal CEO owns Bitcoin. That’s it. No other crypto. Only Bitcoin. More: Bitcoin price analysis: BTC/USD shutters $8,000 support, the focus shifts to $7,800 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Cryptocurrency market update: Bitcoin slumps under $8,000, Ethereum defends $170 support FX Street 3 years Here is what you need to know on Thursday, November 21: Bitcoin plunges below $8,00, dragging cryptos down Thursday's trading is marked by a sea of red, without a single downward driver, but with an accumulation of downbeat developments. Cryptocurrency markets - Bitcoin has been dropping, hitting a new low of $7,876, down nearly 2% on the day. The granddaddy of digital coins is trading at a four-week low. - Ethereum is also dragged lower to around $175 but experiencing a more moderate drop. Vitalik Buterin's brainchild has been able to weather the storm partially. - Ethereum Classic… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.