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Bitcoin falls after Tesla says it converted 75% of bitcoin purchases into fiat currency

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NEW YORK, July 20 (Reuters) - Bitcoin fell late on Wednesday after Tesla Inc. said it has converted about 75% of its purchases of the virtual token into fiat currency.

The world's largest cryptocurrency slid 0.5% to $23,268.92 after the news. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Leslie Adler)