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3/22/2017, 9:30 AM (Source: TeleTrader)
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Bitcoin drops 5% on possible blockchain split

Bitcoin plunged over 5% to hit a daily low of $1,052.00 on Wednesday after rising for three consecutive days. However, the world's most widespread digital currency remained above the lows in the region of $950 it hit on March 18. The decline partly came as a result of indications of a possible split among the system's developers which could break the cryptocurrency into two separate blockchains.

Bitcoin shed 4.89% against the dollar to sell for $1,062.62 at 9:23 am CET on the OKCoin exchange. The digital currency slid 3.27% compared to the yuan to go for 7,158.00 at 9:24 am CET on the BTCChina exchange and it dropped 4.20% against the euro to change hands for $980.00 at 9:00 am CET on the Kraken exchange.

Breaking the News / NP