Bitcoin price fall to 5- day(market- news)

The price of bitcoin fell to a five-day low today, though the reasons why are perhaps complex to unpack.

At press time, the bitcoin-US dollar (BTC/USD) exchange rate is $5,710, up from a daily low of $5,560. As per CoinMarketCap, week-on-week, BTC is up 3.3 percent, while on a monthly basis, it's up 55 percent.

However, if you're looking for a culprit for the dip, industry observers are so far pointing to the creation of bitcoin gold yesterday.

A new cryptocurrency cloned from bitcoin, bitcoin gold is now in the process of "forking" to a new blockchain (with new rules), a process by which the bitcoin blockchain is copied and new digital assets are distributed to existing bitcoin owners.