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December 22, 2017 08:31 am GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/UZZ5Bva51xQ/
Bitcoin price dives below $12,000, down 40% from last week's highs
Well, it can't just go up all the time.
After an incredible rally in the first part of December, which saw Bitcoin's price nearly double from $10,240 to $19,994, the popular cryptocurrency is losing value, fast.
The price dropped by a quarter in the last 24 hours alone, and Bitcoin is currently trading at $12,874, according to CoinMarketCap.
UPDATE: Dec. 22, 2017, 3:23 p.m. CET Bitcoin price continued its free fall throughout the morning, with the price momentarily going to around $11,000 on some exchanges. The second largest cryptocurrency by market cap, Ethereum, plunged below $550 at one point. Read more...
More about Bitcoin, Correction, Cryptocurrencies, Tech, and Sharing EconomyOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/UZZ5Bva51xQ/
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