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The price of bitcoin has plunged once again in the latest shock to the cryptocurrency market.
Bitcoin has fallen almost 9 per cent in the last 24 hours. The market as a whole is down 8.6 per cent.
It comes after a run of market shocks over the last week that together mean bitcoin is now down 20 per cent in the last seven days.
Some large cryptocurrencies are even more effected. Ethereum – still the second biggest cryptocurrency – is down almost 25 per cent in the last week.
Ethereum was at the centre of the hack on Bybit, a crypto exchange, last week. In that attack, which has been branded the biggest heist in digital history, hackers stole almost $1.5 billion in the digital currency.
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