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Bitcoin Hits 2018 Low

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Bitcoin hit its lowest price in 2018 on Friday amid a greater crypto market sell-off.

The virtual currency was trading at $3,412, down 11.04 percent over 24 hours, with a market cap of $59.41 billion, according to Coinmarketcap.

The continuing downfall of the world's largest cryptocurrency indicates that traders may now be moving money out of bitcoin and into dollars.

From its December 2017 peak of nearly $20000, bicoin has fallen by 84.28 percent within a year.

From $9,300 in May and around $8000 in August, the price of Bitcoin fell to around $6000 and had been relatively stable in Septemeber and October.

Since then, the softcoin tumbled in a relatively fast pace, and lost much of its value in November-December.

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