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CryptoWatch: Bitcoin steady after worst day in nearly 3 weeks

A day after suffering its biggest 24-hour decline in nearly three weeks, the bitcoin market has righted the ship early Tuesday.

A single bitcoin BTCUSD, +0.39% was last changing hands at $6,272.85, up 0.1% since Monday at 5 p.m. Eastern Time on the Kraken exchange.

Monday’s weakness brought the total value of all cryptocurrencies back towards $200 billion, according to data from CoinMarketCap.

Read:The round numbers that show just how far bitcoin has come in 10 years

Yellen downbeat on bitcoin

Speaking at the Canadian FinTech Forum in Montreal on Monday, Janet Yellen, the former chairperson of the Federal Reserve, said bitcoin lacks some key components to make it a sustainable means of payment.

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