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Bitcoin's Deepening Crash Now Rivals Its Worst Bear Markets

TedTed
in The Bullpen
FYI: Bitcoin’s tumble worsened over the weekend, putting the 2018 crash within striking distance of the cryptocurrency’s worst bear markets.

The virtual currency, conceived just over a decade ago, fell as low as $3,475 on Sunday, Bitstamp prices show. It was trading at $4,033 as of 7:40 a.m. in London, according to Bloomberg composite pricing. That’s 5.3 percent below its level at 5 p.m. New York time on Friday, and about 79 percent below its closing peak in December.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-26/bitcoin-s-deepening-crash-now-rivals-its-worst-ever-bear-markets?srnd=premium
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