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Zoom out. You aren't getting the full picture with this 24 hour view. In terms of the USD price, STEEM is up about 300% from a month ago. So a 12% drawback in 24 hours is nothing in comparison.

Coin Marketplace

STEEM 0.06
TRX 0.31
JST 0.059
BTC 69451.04
ETH 2077.10
USDT 1.00
SBD 0.50