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Bitcoin cracks $10,000 in an hour as crypto sell-off intensifies

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equities to cryptocurrencies. Bitcoin became the latest to fall victim to intense bout of selling pressure as the cryptocurrency fell by as much as $10,000 in an hour to close $42,000 earlier on Saturday.

The cryptocurrency has since recovered some of its losses and was last down more than 16 per cent at $47,693.75. Ethereum, the second largest cryptocurrency by market capitalization, also saw a similar sell-off as it fell nearly 15 per cent to $3,905.

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