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Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%
Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high. On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk. "The correction was actually quite brief, the prices today are still higher than that of a week ago," Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC by phone. "I think ... (full story)
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- shanemort
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Mingary
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- suthmo
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Founder of Sutherland Wave Principle
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Mingary
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Mingary
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