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Bitcoin drops 9% to below $5,000

Kate Rooney

The world's largest cryptocurrency is now down 21 percent in the past week, falling 9 percent Monday to its lowest level in more than a year. Other major cryptocurrencies ethereum and XRP dropped 13 and 5 percent respectively. Bitcoin is now down more than 30 percent since last Thanksgiving, when it gained household-name status and became a common topic around dinner tables.