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Bitcoin falls more than 10 percent on Bitstamp

TOKYO (Reuters) – The price of bitcoin fell more than 10 percent on Wednesday to as low as $15,800 at a cryptocurrency exchange Bitstamp.

It has since pared some of the losses and is down about 7 percent in early trade. The digital currency has been sliding since it had hit a record high of $19,666 on Sunday.

Reporting by Hideyuki Sano; Editing by Shri Navaratnam

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