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Crypto Market Plummets Following Week of Coinbase-fueled Hype – Gizmodo

After cryptocurrency prices soared this week amid hype leading up to Coinbase’s direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked…

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After cryptocurrency prices soared this week amid hype leading up to Coinbases direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked by roughly 14% in 24 hours, from $61,530 to $52,829, the tokens biggest one-day drop since February, before rebounding slightly, according to the cryptoasset price-tracking site CoinMarketCap.
Prices of other popular cryptocurrencies plunged as well. Ether, which is second only to Bitcoin, saw its prices fall in 24 hours by about 17%, from…

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