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Bitcoin tumbles as cryptocurrencies join global asset selloff


HONG KONG: There were no good spots for investors to hide in Thursday’s global market rout, as Bitcoin and other cryptocurrencies joined the selloff.

Bitcoin, the largest digital currency, tumbled as much as 7 percent to the lowest since Aug. 15, while the Bloomberg Galaxy Crypto Index slid over 10 percent in a third day of losses. Rival coins Ether, XRP and Litecoin also retreated at least 10 percent.

Cryptocurrency , Bitcoin

   

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