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USA TODAY

News
29 days ago
8  Likes 3  Comments

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Bitcoin dropped as much as 15% late Saturday, its biggest intraday drop since February, just days after hitting record highs.It's unclear what caused the sell-off.

Separately, a blackout in China’s Xinjiang region, which reportedly powers a lot of Bitcoin mining, was blamed for the sell-off, Reuters reported, citing data website CoinMarketCap.

The price of a bitcoin hit a low of $52,810.06 late Saturday after it tumbled more than $7,000 in a single hour, before the losses eased. Bitcoin is down 15% from its high of $64,895.22 on Wednesday.

Despite the declines, bitcoin is valued at more than $1 trillion following a nearly 700% surge in the past 12 months.

What do you think, will bitcoin make another record high?
What's the matter?

💬 3  Comments

Thanks! Worked! 👍 🙏 🤩 💕 🥳 🔥 😍
EzzyLovesToSave (L5)
29 days ago
Interesting1
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Notbad (L5)
29 days ago
Oh man, that's a lot of money...
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prince16pream (L3)
29 days ago
hmm, the volatile nature will make us richer or poorest, I believe the price will crash down sooner or later before making another big move :)
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