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Cryptos: Bitcoin on the verge of sliding below $4,000 as crypto collapse resumes

A brief late-morning rally was as good as it got for the crypto community on Tuesday.

After popping into positive territory the price of a single bitcoin, BTCUSD, +1.65% the world’s largest cryptocurrency, did an abrupt U-turn, tumbling to a fresh 13-month low below $4,100, down nearly 15% since 5 p.m. Eastern Time on the Kraken crypto exchange.

Bitcoin traded to an intraday low of $4,067.10, its lowest level since Sept. 27, 2017.

The total value of all cryptocurrencies has slumped to a more than one-year nadir beneath $150 billion, according to data from CoinMarketCap.

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