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Bitcoin slips more than 20% to below $6,300 after clocking 10-month high

In recent weeks, Bitcoin had made a strong recovery

Representative Image
Representative Image

The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to a 10-month high.

Bitcoin fell to as low as $6,178 at Bitstamp exchange, down 21.6% from the previous close and last stood down 7.8% at $7,266.