Bitcoin loses over a fifth of its value in less than 24 hours

The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. "Naturally a few of the early bitcoin traders are taking some profits off the table," said Charles Hayter, founder of CryptoCompare.com. The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday.

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