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Abstract:Bitcoin steadies near $54,000 after biggest drop in a month.
Bitcoin (BTC) was trading around $54,680 as of 12:50 UTC, after falling late Monday to around $53,715, the lowest since March 16.
The largest cryptocurrency fell 5.8% over the previous 24 hours, for its largest daily decline since Feb. 23, according to Bitstamp exchange data. Bitcoin's 24-hour range: $53,795.15-$58,407.62.
BTC's 4-hour chart shows seller volume has been building alongside a falling price, a bearish signal for market technicians.
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