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@ EconomicTimes

Bitcoin drops to the lowest in a year as volatility takes hold

Bitcoin dropped to its lowest in nearly a year before a rapid bounceback as the panic of the novel virus sale reached across global markets on Friday. In highly volatile trade, Bitcoin fell more than 20 percent in overnight trading to around $3,850, its lowest since last year's March, before recovering some of its losses. At $5,270, it was last up to 9%. Bitcoin suffered its biggest daily loss, losing 40% as global financial markets crashed on Thursday.

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