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Friday, June 16, 2017

Bitcoin Loses 13.7 Percent in 24 Hours, Monero Leaves Top 10

Bitcoin Loses 13.7 Percent in 24 Hours, Monero Leaves Top 10

The latest cryptocurrency slide has seen Bitcoin and others lose more than 15 percent and Monero leave the top 10.


Data from CoinMarketCap shows the effects of Bitcoin’s depreciation on Wednesday and Thursday, with every premier altcoin following it downhill.


While commentators scramble to look for an underlying cause, much like previous recent bouts of volatility, it would appear markets remain shy of the $3,000 barrier, which has proven significant.


The downturn, however, coincided with pro-hard fork Bitmain’s announcement it would oppose the implementation of the increasingly popular user-activated soft fork (UASF) as a means to bring about a solution to Bitcoin’s scaling dilemma.


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