Bitcoin drops 10-month low to $32,763 as stock markets tumble
The cryptocurrency has dropped 13% so far in May and has lost more than half its value since it hit an all-time high of $69,000 in November last year.
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The cryptocurrency has dropped 13% so far in May and has lost more than half its value since it hit an all-time high of $69,000 in November last year.
Volatile Markets: US Dollar (USD), Euro (EUR), British Pound (GBP), Russian Ruble (RUB)
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Bitcoin's price was up by 0.11 per cent at $41,495. The Ethereum price was down by 0.97 per cent but remained at $3,073.
Investors continued to strengthen their altcoin positions as the EU thumbed down a proposal seeking to ban proof-of-work (PoW) mining.