CRYPTO INSIDER: Bitcoin falls again

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Bitcoin is slumping again, down 8% Monday, as the flagship cryptocurrency pares many of Friday's gains. The brief buoyancy was seen as a possible correction to last week's bloodbath.

Here's the scoreboard as of Monday morning:

• Bitcoin (BTC): $10,594 (-8.0%)
• Ethereum (ETH): $973 (-7.1%%)
• Ripple (XRP): $1.19 (-5.8%)
• Bitcoin Cash (BCC): $1,587 (-10.3%)
• Litecoin (LTC): $175 (+7.9%)

What's happening:

• The world's most valuable bitcoin startup just grabbed an ex-Twitter exec to make cryptocurrency more user-friendly
• Financial watchdogs are going through the cryptocurrency market with a 'fine tooth comb'
• DEUTSCHE BANK: Correlation between bitcoin and Wall Street's 'Fear Index' is increasing 'dramatically'
• Shares of a telecom company jumped 130% after it pivoted to blockchain.
• The electricity needed to mine one bitcoin is more than the average American household uses in two years, Morgan Stanley estimates.
• Bitcoin's fluctuations are too much even for cybercriminals, who are beginning to instead denominate their ransoms in US dollars
• Finally, OF COURSE governments won't give up control of money - that's why crypto is crashing
  

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