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Is the Market Bailing on Bitcoin?

Is the Market Bailing on Bitcoin?

It looks like the market is bailing on bitcoin.  

The virtual currency that was once valued nearly as high as gold is fading fast amid security concerns and a steep drop in transactions.  

Late last year, transactions hit a high point of nearly 100,000 a day.  

As of this week, that number has dropped to around 28,000.  

The price of a bitcoin stands at around $630, down from more than $1,100 in November.  

 

 

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