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Despite skepticism from some top finance executives about bitcoin's rise, experts say the latest gains appear to have been fueled by expectations that big professional investors -- such as hedge funds and asset managers.
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The Big Lesson of the 2017 ICO Boom (and Why It Matters Now)(CNN Money) -- Has the bitcoin fever broken? Bitcoin prices plunged sharply to below $11, on Friday, shedding a third of its value in. The huge competition among miners is prompting an increasing demand for advanced chips. This results in a price boom for chips and thus affects. When the Bitcoin bubble burst at the end of , the cryptocurrency's value dropped from over $ to less than $ in just a few days.
