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Earlier gains on Bitcoin were wiped out with Litecoin, Ethereum and Ripple
. Ethereum fell 12%.
The dramatic falls came after Bitcoin and digital currency markets were enjoying
Bitcoin prices hit their highest in a month yesterday.
Analyst Charles Hayter had welcomed the recent gains, describing them as "good news" and stating that they offered "a little relief" but warned that the market was providing "conflicting signals" on what will do later
Some analysts had warned investors that an important sale of Bitcoin was imminent.
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