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More than $200 billion erased from entire crypto market in a day as sell-off intensifies

  • May 12, 2022 at 7:36 AM

Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off in cryptocurrencies that erased over $200 billion from the entire market in a single day.

The price of bitcoin plunged as low as $25,919.33 Thursday morning, according to Bitstamp data. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 26, 2020.

https://www.cnbc.com/2022/05/12/bitcoin-btc-price-falls-below-27000-as-crypto-sell-off-intensifies.html

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