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Bitcoin tumbles 17% as doubts grow over valuations

Bitcoin plummets as doubts grow over sky-high valuation | Cape Breton Post

By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) – Bitcoin plummeted as much as 17% on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a sell-off across cryptocurrency markets. The world’s biggest cryptocurrency was facing its biggest daily drop in a month, falling to as low as $45,000.