2021-04-19 16:04:51

Massive Bitcoin selling spree causes cryptocurrency traffic jam

The price of Bitcoin, the world’s largest and most famous cryptocurrency, tumbled to a three-week low over the weekend.

Renowned for its extreme volatility, Bitcoin plummeted by 13% from a peak of circa $64,800 per unit to a low of $52,000. The digital currency has since rebounded slightly and sits at a valuation of roughly $56,400 at the time of writing.

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