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Posted on by BitcoinGuide.com

Bitcoin Breaks Below $30K, Erasing Almost All of 2021’s Gains

Bitcoin Breaks Below $30K, Erasing Almost All of 2021’s Gains

Bitcoin dropped below $30,000, pushing this week’s losses briefly over 17% amid continued profit-taking. Per CoinDesk’s prior reporting, the recent drop in bitcoin ‘s price is likely due to widespread profit-taking by U.S. and European investors, according to trading activity on leading cryptocurrency exchange Coinbase.








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