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Pain for cryptocurrencies as bitcoin sheds 10%

Bitcoin’s intrinsic value is zero, says Allianz strategist

Pain for cryptocurrencies as bitcoin sheds 10%

The price of the number on digital currency extended a brutal slide on Wednesday, adding to its recent losses amid another wave of negative news, MarketWatch reports.

A single bitcoin last traded at $8,248.16 late-Wednesday in New York, down 9.9%, after hitting an intraday low of $8,219.73, a 40% decline from the beginning of the year.

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