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Bitcoin cracks 8% to slip below $52000; gives up $1tn m-cap level

Bitcoin cracks 8% to slip below $52,000; gives up $1tn m-cap level

Top cryptocurrencies plunged on Tuesday morning with bitcoin cracking more than 8% to tumble below the $53,000 level. The biggest cryptocurrency in terms of market capitalization was trading at $51,236 at around 9.05 pm, as per data available with WazirX. Bitcoin had hit an all-time high of $58,332.36 last week.