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Bitcoin Price Decline Continues As Markets Drop Below $6,500
The price of bitcoin is down more than 9 percent after falling below the $6,500 level.
By Stan Higgins
Updated Sep 13, 2021, 7:09 a.m. Published Nov 10, 2017, 7:09 p.m.
The price of bitcoin is down more than 8 percent today, continuing losses that began after the cryptocurrency slipped below the $7,000 level.
Markets have fallen to as low as $6,475.40, according to the CoinDesk Bitcoin Price Index (BPI), the lowest level reported since Nov. 1 (when they traded between $6,357 and $6,750.17). The move below $7,000 marked a reversal of the market gains seen earlier this week that pushed the price of bitcoin close to $7,900.
STORY CONTINUES BELOW
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Earlier in the day's trading, the price had climbed as high as $7,330.06, with today's low marking a more than $600 decline since that level.
At press time, bitcoin is trading at $6,567.86.
Roller coaster image via Shutterstock
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