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Cryptos: Bitcoin carnage resumes with another 10% skid

The crypto selloff deepened over the weekend as major digital currencies crashed to fresh lows.

Bitcoin BTCUSD, +0.17% the world’s largest digital currency, dipped below $3,500 on Saturday for the first time since September 2017, losing as much as 15% on the day and extending its monthly loss to nearly 40%.

After a brief reprieve on Sunday, the selloff has resumed on Monday with a single bitcoin BTCUSD, +0.17% falling another 10%, heading back toward its Saturday low. It was trading at $3,639.90, down 10.1% since Sunday at 5 p.m. Eastern time on the Kraken crypto exchange.

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