Bitcoin prices tumbled as much as 19% in a violent sell-off Monday, the biggest of the year in dollar terms with a loss of more than $10,000, initially testing the resistance lines of $45,000 before marginally recovering and settling around $51,000 according to data from Crypto exchange bitfinex.
This comes just a day after the virtual currency hit a record of $58,042, bringing its year-to-date gain to over 100%. On Friday, it reached a market capitalization of $1 trillion .
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