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The value drop adopted a swift correction in crypto markets Sunday night, with BTC dropping almost 10% from the $44,000 degree within the area of some minutes in what is perhaps termed a “flash crash.” At press time, bitcoin was buying and selling at $41,700, down about 5% over the previous 24 hours. The CoinDesk Market Index (CMI), a basket of just about 200 crypto belongings, was additionally down 5%, highlighting the broad-market destructive day.
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