UPDATE (March 9, 15:30 UTC): After the publication of this story, bitcoin fell further, hitting two-month lows below $7,700. Dumping by a Ponzi scheme played a mighty role in the selloff, market sources said. Read more here. The price of bitcoin has fallen to a one-month low below $7,900, amid a wider sell-off in the global financial markets. As of writing, the price of the world’s largest cryptocurrency by market capitalization is changing hands at $7,837, the lowest in the past 30 days and a 10 percent decline on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. The price decline comes as the global financial markets suffer a wider sell-off, with Brent crude oil dropping over 30 percent on Sunday, its biggest single-day decline since 1991. Underscoring the severity of the
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