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Bitcoin plunges 10 percent as December rout continues to drag down cyptocurrencies

Friday, December 7, 2018, 9:12 AM

As of Asia's Friday morning trade, bitcoin had fallen more than 10 percent against the U.S. dollar in 24 hours, marking another recent pluge for the world's largest cryptocurrency. Bitcoin traded at $3,330.28 as of 10:40 a.m. HK/SIN (9:40 p.m. ET on Thursday), falling 10.25 percent over the last 24 hours, according to data from industry site Coindesk.
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Bitcoin falls over 7%, heads towards one-year low

Friday, November 30, 2018, 7:05 PM

Bitcoin fell as much as 7% on Friday, heading towards a recent one-year low in a broad-based sell-off in cryptocurrencies. The worlds biggest and best-known cryptocurrency fell to $3,920.35 in late morning trade, heading towards a September 2017 low of $3,474.73 hit on Sunday. Other cryptocurrencies including Ethereum's ether and Ripple's XRP also weakened. Bitcoin and other cryptocurrencies have been mauled in recent weeks.
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Bitcoin's 75% crash this year spooks electronic cash dream

Tuesday, November 27, 2018, 8:36 PM

The world's biggest digital coin began life promising to become "electronic cash," but Bitcoin and its swarm of imitators are slipping deeper into the shadows of traditional payment services. The funk engulfing cryptocurrencies has now sent the total value of the 100 largest tokens to around half that of Visa Inc. In January they were worth almost three times the credit card Goliath.

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