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Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour.
From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent. The drop follows a breakout of a month of consolidation around the $10,000 price point, beginning mid-August.
What has startled investors is the speed of the drop. Mirroring the expediency of Bitcoin’s gravity-defying price gains, in less than 72-hours three months of gains were erased.
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