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Bitcoin stumbles below $4,000 in sudden overnight drop
Bitcoin’s struggles are continuing into 2019. The world’s largest cryptocurrency dropped 6 percent on Thursday morning to a low of $3,741.91, according to industry data site CoinDesk. The sudden and sharp drop brings bitcoin’s one-year losses to more than 70 percent. Other major cryptocurrencies struggled, too. Ether fell 12.5 percent while XRP dropped 6 percent, according to CoinDesk. Analysts did not point to any particular catalyst for Thursday’s cryptocurrency dip. Mati Greenspan, senior market analyst at eToro, said clients had been asking — but there doesn’t seem to be any real reason for this drop, ... (full story)