Bitcoin Breaks Below $50K as Market Sell-Off Continues

At around 17:00 UTC on Thursday, bitcoin’s price fell from around $54,900 to $51,500 before the markets inflicted another sell-off to $48,300, according to Bitstamp exchange data.

Other cryptocurrencies are also experiencing sharp sells, with XRP and ether both down 13% and 7% respectively and binance coin is down 5.8%.

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