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Bitcoin falls to $8,000
Cryptocurrencies are not immune to the gyrations rocking global markets, plunging along with a broad range of assets on Monday in the wake of the collapse in crude oil prices.
Bitcoin, the largest digital currency, dropped as much as 12% from Friday’s close after extending a sell-off begun over the weekend, and was trading just above $8,000 as of 11:44 a.m. in Hong Kong. [Bloomberg]
Cryptocurrencies are not immune to the gyrations rocking global markets, plunging along with a broad range of assets on Monday in the wake of the collapse in crude oil prices.
Bitcoin, the largest digital currency, dropped as much as 12% from Friday’s close after extending a sell-off begun over the weekend, and was trading just above $8,000 as of 11:44 a.m. in Hong Kong. [Bloomberg]