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Bitcoin Drops More Than $1,000 In Less Than 48 Hours

WorldNews Friday, 10 November 2017 ()
Bitcoin Drops More Than $1,000 In Less Than 48 HoursBitcoin fell below $7,000 on Friday to trade more than $1,000 down from the latest all-time high it hit on Wednesday after traders swapped the cryptocurrency for a clone called BItcoin Cash, raising its value up around a third, according to Reuters. Bitcoin has recently been rising continuously, eclipsing its record highs week after week with a vertiginous sevenfold increase since the beginning of the year. But some investors have been warning that the bubble is going to burst on Bitcoin and that may be soon. Bitcoin reached a record high of $7,888 around 1800 GMT on Wednesday after a software upgrade that was scheduled for next week was suspended since it could have created a so-called...
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Source: Wochit Business - < > Embed
News video: In Under 48 Hours, Bitcoin Drops By Over $1000

In Under 48 Hours, Bitcoin Drops By Over $1000 00:35

On Friday, Bitcoin dropped below 7,000 dollars to trade more than five percent down on the day, having fallen by well over 1,000 dollars since hitting an all-time high on Wednesday. According to industry website Coinmarketcap, as bitcoin fell, Bitcoin Cash enjoyed a surge, trading up as much as...

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