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Bitcoin tumbles 20% in worst crash since March

January 11, 2021

Via: Fortune

The week is off to a bearish start for cryptocurrency as the price of Bitcoin fell nearly $10,000 from its Friday high of nearly $42,000, temporarily ending an unprecedented rally.

On Monday morning, Bitcoin was trading under $33,000—a more than 20% drop from its recent high—while some other cryptocurrencies fell even further.

The fall in crypto value comes amid a broader retreat on Monday for stocks, and a resurgence in the U.S. dollar.

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