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The value of bitcoin plunged last month, It then stabilised briefly, before plummeting again.
The volatile cryptocurrency’s value has shifted wildly ever since mid-December when it hit a record high of more than $19,850 with frequent heavy drops and speedy recoveries.
The rapid drops are partly the result of continuing fears about regulation, as well as anxiety provoked by a series of high profile thefts.
Its value tumbled spectacularly at the start of February, falling from $10,000 to $6,000 in four days. However, it gradually recovered over the course of the following weeks.
It is worth $10,059 as of friday, according to the
Coinbase exchange.
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