Bitcoin Freefall: Prices Drop Nearly $200 in 1 Hour
Bitcoin prices tumbled sharply this morning. According to data from CoinDesk's Bitcoin Price Index (BPI), markets averages dropped abruptly only days after passing the $1,000 mark on 1st January. This morning's decline came after prices reached a high of $1,153.02 in early morning trading. Still, despite coming within reach of all-time highs, prices fell more than 20% across global exchanges before recovering. Markets were fluctuating near $1,071 before reaching a brief low of $887.47, the lowest figure observed on the BPI since 25th December. At press time, the average price of bitcoin....
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