Cryptocurrencies are falling due to massive selling pressure

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Cryptocurrency sell-off widened on Tuesday, with Bitcoin shedding nearly 4% while its smaller rival Ether shed more than 6%.

Bitcoin, the world’s largest and most popular cryptocurrency, fell 4% to $50,516, after rising to its highest level since mid-May above $52,000 earlier, in Asian trading.

Ether fell more than 6% to $3,666.

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