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December 22, 2017 08:31 am GMT

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 Economy

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/UZZ5Bva51xQ/

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