Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq.
At press time, bitcoin is changing hands near $54,000, representing a 12% drop on a 24-hour basis, while ether, the second-largest coin is down almost 13%.
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