6 years ago
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Over $60 billion wiped off value of cryptocurrencies as bitcoin drops to lowest level since Nov 18
Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the market in 24 hours. The price of bitcoin traded as low as $7,598.20 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 18. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
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You have to wonder whether this is partially to blame for all the other indices going down. Cryptocurrencies are no longer a negligible part of the market, but they're still as crazy as always.