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Bitcoin and cryptos tumble after Russia proposes ban
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fnlondon.comCryptocurrency prices tumbled overnight, with bitcoin hitting its lowest price since last August.
Bitcoin , the world largest crypto by market cap, slid more than 6% and dropped below the $40,000 level, last trading at about $38,800 as of midnight Friday. Ether, which runs on the ethereum blockchain, fell 7% to about $2,868, and XRP , Bitcoin Cash , Litecoin and Monero all posted sharp losses, according to Kraken data.
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