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Bitcoin Hits $3,650 During Sell-off, Analyst Sees It As "Normal Crypto Volatility"
The price of bitcoin, the flagship cryptocurrency, has been dropping significantly in the last 24-hour period, so much so that it has already lost nearly 10% of its value. The cryptocurrency is currently trading at $3,660 in what an analyst dubbed “normal market volatility.” According to CryptoCompare data, BTC is down 9.7% as it went from a $4,040 high to $3,850 in about 30 minutes earlier today, and then plummeted to a daily low of about $3,650. Both sudden sell-offs saw trading volume surge, suggesting a large players have been selling quickly into the market.