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Bitcoin hits fresh 13-month trough

Bitcoin BTCUSD dipped to a fresh 13-month weak point on Monday, with the world's most popular cryptocurrency scaling $5173.23 on the Bitstamp platform.

Bitcoin and other digital currencies including ethereum and XRP, suffered a big sell-off last week amid speculation that a “hard fork” in bitcoin cash could affect other coins.

Investors are afraid of further losses in value. Some consider that the recent fall restrains bitcoin's possible rebound this year. Still, a number of analysts are keeping optimistic forecasts as the slide is opportunity for more investors to rush in.

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