Bitcoin once again slips below $20,000

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By CNBCTV18.com STI (Update)

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Bitcoin on Sunday fell 1.54% to $19,804, dropping from the 20,000 mark after losing $310 from its previous close.

On Sunday, September 18, Bitcoin fell 1.54% to $19,804, dropping from the 20,000 mark after losing $310 from its previous close.

The second-largest virtual currency, Ether, the coin linked to the Ethereum blockchain network, also fell 3.2% to $1,422.1 on Sunday, losing $47 from its previous close.

Bitcoin, the world’s largest and most well-known cryptocurrency, is down 58.9% from the year’s high of $48,234 on March 28.

Bitcoin previously slipped below $20,000 and Ethereum below $1,500 on Friday, September 16, amid broadly negative trends in global markets. The fall occurred when EthereumPoW (ETHW) went live the previous day.

The Beacon chain consensus layer and the Ethereum mainnet runtime layer merged at block 15537393 on September 15. The network will no longer rely on the proof-of-work consensus method.

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