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The typically volatile cryptocurrency market appeared quite calm in the past week, with Bitcoin slowly clawing its way back up from its February lows, when its price briefly went as far down as $6,150.
But that all came to a halt in the past two days, with Bitcoin plummeting from a high of $11,673 on Tuesday to $9,734 on Thursday.
The price drop can be attributed to news of increased SEC regulations for crypto-exchanges and a rumored hack of popular, China-based cryptocurrency exchange Binance after a number of users reported their accounts being drained. Read more…
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