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With two years of relative inactivity and a consistent downtrend, many wrote Bitcoin off as a fad, having failed to solidify its place in the mainstream market. As an asset class, Bitcoin continues to evolve along with the factors that influence its prices. Gox shut down due to insolvency causing Bitcoin to slump to around INR 24, by the end of the year. As the news spread, more people rushed in to buy, sending the price seemingly ever higher. Compare Accounts.
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