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How One Person Caused the Price of Cryptocurrencies to Plunge

It’s no secret that the value of Bitcoin and other cryptocurrencies can be volatile, but on January 8th the entire market took an unprecedented plunge—one that it still hasn’t recovered from. At the time, there was no shortage of factors to blame, from the threat of crypto-regulation by national governments to frivolous mainstream investment, but in this case, the drop in Bitcoin’s value may have been the work of exactly one person.

 

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