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Bitcoin slammed by more than 10% to below $2,500; Ethereum down big too

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  • Bitcoin slammed by more than 10% to below $2,500; Ethereum down big too

    • Bitcoin erased the initial gains it saw after developers last week appeared to avoid a currency split.
    • Disagreement over other upgrade proposals could still cause bitcoin to split.
    • The digital currency briefly fell below $2,500, little changed for July.




    CNBC
    by Evelyn Cheng
    7/25/2017

    Excerpt:

    Bitcoin fell to its lowest in five days Tuesday amid uncertainty over whether the digital currency will still avoid a split.

    Bitcoin dropped more than 10 percent to $2,487.13, its lowest since last Thursday when it hit a low of $2,276.16, according to CoinDesk.

    The digital currency last traded just below $2,500, unchanged for the month but still more than double in value for the year.

    .................................................. ................



    View the complete article at:

    http://www.cnbc.com/2017/07/25/bitco...-down-big.html
    B. Steadman
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