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Bitcoin falls 30%, smashing 'haven' expectations

Holders reel as cryptocurrencies fall in tandem with other asset classes

Bitcoin has fallen sharply as equity markets have tumbled (Photo by Wataru Ito) 

TOKYO -- The price of bitcoin, the world's most traded cryptocurrency, plunged 30% on Friday amid widespread market turmoil -- defying expectations from some advocates that cryptocurrencies would withstand shocks in traditional financial markets.

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