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Analysis: As bitcoin trading shifts shape, big money stays away

Reuters  |  LONDON 

By Tom WilsonLONDON (Reuters) - Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed. The retail investors behind bitcoin's dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and crypto-related firms that traditionally dominated digital coin trading driving exchange volumes. And while bigger investors from proprietary traders to hedge funds are growing more active, mainstream financial firms ...

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First Published: Fri, December 07 2018. 20:38 IST
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