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While bitcoin price moves can be inscrutable, the prime reason for the latest crash can be summed up in one word:They can be transferred free of cost in real-time as opposed to banks that take days and weeks for international remittances along with heavy charges.
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- On February 7, the exchange halted withdrawals, and later revealed thieves had made off with 850,000 bitcoins (which would be worth around $3.5 billion today).
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