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Bitcoin prices crash as crypto owners lose hundreds of billions

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An already dramatic crash in the crypto markets has become yet more drastic, with bitcoin and other digital currencies losing hundreds of billions of dollars from their value.

Bitcoin has now fallen 16.8 per cent over the last week. Other coins have seen even more dramatic losses: ethereum is now down 25 per cent.

Bitcoin’s price had already taken a major hit on Thursday night into Friday, when it fell from around $43,000 to around $38,500. But that plunge continued even more early on Saturday morning, taking it to a low of $35,140.

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