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Bitcoin plunges over 20% in another sign of global market nerves

Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Published on Dec 04, 2021 12:11 PM IST
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Bloomberg |

Cryptocurrency in India: Is a blanket ban possible? Here's how things may change

Transferring cryptocurrencies from one wallet to another is essentially no different from sharing files from one computer to the other, so a regulatory ban might not take away people's ability to send cryptocurrencies to each other. But it could complicate the process:
The definition of what exactly constitutes as ‘private’ cryptocurrency has not yet been clarified by the central government yet. (Representational Image / File)
The definition of what exactly constitutes as ‘private’ cryptocurrency has not yet been clarified by the central government yet. (Representational Image / File)
Updated on Nov 24, 2021 01:56 PM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Cryptocurrency crash: Bitcoin, Ethereum fall in value. Here are possible causes

There seems to be no single factor driving the cryptocurrency crash this week, the phenomenon instead being caused by a multitude of factors ranging from “rising selling pressure, end of year profit-taking, as well as speculation”.
Financial experts continue to warn investors against putting their money on cryptocurrencies, citing high financial risks. (File Photo / REUTERS)
Financial experts continue to warn investors against putting their money on cryptocurrencies, citing high financial risks. (File Photo / REUTERS)
Updated on Nov 24, 2021 02:19 PM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Cryptocurrency crash: Bitcoin drops below $60,000, Ether falls amid broad dip

The largest digital token, Bitcoin, dipped as much as 8.2% to $58,661. Second-ranked Ether tumbled more than 10%. The global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according to tracker CoinGecko.
Representations of the virtual currency Bitcoin (File Photo / REUTERS)
Representations of the virtual currency Bitcoin (File Photo / REUTERS)
Published on Nov 16, 2021 04:08 PM IST
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Bloomberg | , Bitcoin, Cryptocurrency, Ether, Crypto
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