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CryptoWatch: Here’s how brutal the first quarter was for bitcoin and other cryptocurrencies

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The first quarter was horrible for cryptocurrency investors—there’s no other way to describe it.

The No.1 digital currency, bitcoin BTCUSD, -5.66% opened the year above $14,000, not terribly far off the all-time high of $19,694.69 reached on Dec. 17, 2017. After making another run higher in the first week of the year, it came to an abrupt halt and began what was a sustained fall, probably best described as a plummet.

Read:Don’t fight the FUD: HODL onto this list of bitcoin terms you need in your vocabulary

By Feb. 6, bitcoin had fallen through $6000 to $5,947.40, representing a 58% fall.

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