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Crypto markets entered a correction phase

Bitcoin gone from 42 to 33 thousand dollars in several days

11.Jan.21 8:39 AM
By Shawn Highstraw


Crypto markets entered a correction phase
The bitcoin's price has well dipped after a remarkable advance earlier, where the digital currency record stacked on record. Bitcoin went down by up to 18 percent on Sunday and day to 33,500 dollars, which is the biggest drop in two days since May last year.

The value of bitcoin would, according to experts, have to do with a higher dollar. The gold price also passed over the stronger dollar. It is now at the last level since the beginning of December.

At the end of last week, the bitcoin reached an absolute record level of almost $ 42,000. With this, the commodity doubled from the most well-known 'all time high' in three years. So now this advance seems to be clearly losing steam. Other cryptos were also under a lot of pressure. For example, the Etherium dropped by as much as 20 percent.

The bitcoin was launched in early 2009 and was only worth a few cents. At the end of 2017, it reached a peak of nearly $ 20,000.

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