Bitcoin price plunges below $4,500 mark in new 2018 low

Cryptocurrency’s value has slumped by more than a quarter in less than a week

The price of bitcoin continued to plunge on Tuesday as it fell another 7% to $4,387, taking its losses to almost 30% in the past week.

A 14% tumble in the price of the world’s biggest and best-known cryptocurrency on Monday had taken bitcoin below $5,000 for the first time in 13 months. It is now at its lowest level since October last year.

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