The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to ,536 per coin, following its rapid climb of more than 50 percent to almost ,330 per token on December 20." />

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Bitcoin plunges by 40% after record high of $20,000

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The price of bitcoin fell to less than $12,000 on Friday, according to CoinDesk.com. That makes an 27-percent drop since its previous slide, and more than 40 percent since it reached the historic $20,000 mark last week.
The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per coin, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.

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