Bitcoin falls under $8,000 — crypto market down to $360bn

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Towards the end of last year, it wasn’t unusual for the major players in the cryptocurrency market to rise by double digits on a daily basis. They were reaching absurd levels, which were incredibly hard to justify even by crypto standards. Even though I like the market and understand the merits of some technologies, I dare anyone to explain with a straight face how Dogecoin — which hasn’t been updated in years — and its ilk skyrocketed in valuation. The market has seen some massive pullback in 2017, right after it peaked at over $830 billion. This should not surprise…

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