Due to the volatile nature of cryptocurrencies, they have a habit of making enormous swings during a single trading session. Cryptocurrencies fell dramatically during early trading on Wednesday, wiping off almost $2 billion from the total market capitalization. At the top of the selloff, the total cryptocurrency market capitalization plunged to $450 billion, sharply lower from an all-time high of above $800 billion.
In early Wednesday trading, bitcoin dipped below $10,000 for the first time since early December.
However, bitcoin pared some of the early losses in the evening session, currently trading close to …
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