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Bitcoin, Ether lead digital currency slide from highs

Bitcoin slumped to as low as $2,449.4 in intraday trading

Photo courtesy: Ethereum website
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Photo courtesy: Ethereum website)

Aarushi Koundal New Delhi
Last week, Bitcoin declined as much as 17%, while smaller competitor ether continued to slide after experiencing a ‘flash crash’, raising concern about mainstream acceptance of the digital currencies. Bitcoin slumped to as low as $2,449.4 in intraday trading. Ether, the virtual currency based on the ethereum blockchain, plunged to $250.5. And ripple, the third-largest digital currency based on market cap dropped to $0.3, according to prices compiled by Coinmarketcap.com and Coindesk.com. 

The two biggest digital currencies have still surged in value this year. Ether started the year around $8, meaning even with its current drop, the price has doubled many