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Bitcoin’s bad day has got even worse. The digital currency dropped below $8,000 on Friday for the first time since November 2017.

The digital currency has come under intense pressure this year, crashing 60 per cent from the high it struck in mid-December, according to Reuters data tracking the Bitstamp trading venue.

The prospect of increased regulation, the $500m hack of a Japanese exchange and a move by Facebook to ban cryptocurrencies advertisements have all heightened negative sentiment.

More on the reasons behind the fall can be found here: Bit-pop: Bitcoin sinks to $8,300, down over 40% so far this year

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