Bitcoin drops to more than three-month low, briefly trades below $8,000

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Bitcoin drops to more than three-month low, briefly trades below $8,000
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Bitcoin dropped around 15% against the U.S. dollar in late trading on Tuesday, h...

FILE PHOTO: A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson

Bakkt, a cryptocurrency platform affiliated with the Intercontinental Exchange Inc , listed the new Bakkt Bitcoin futures contracts on Monday. But volume was underwhelming, analysts said.The largest cryptocurrency by market capitalization was last down 12.86% at $8,436. Earlier, it hit $7,998Bitcoin has been on a downtrend in recent weeks. Since early August, it has plunged about 35%.

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