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Bitcoin drops below US$6,000 for first time in 3 months

Published Tue, Feb 6, 2018 · 09:50 PM

Tokyo

BITCOIN plunged more than 20 per cent to fall below US$6,000 on Tuesday, its latest sharp loss following a series of setbacks, with a global stock market collapse fuelling the selling.

The virtual currency fell to US$5,992 for the first time since mid-November, according to Bloomberg News, the latest hammering for the cryptocurrency that saw a stratospheric 26-fold rise last year.

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