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Bitcoin's price fell sharply during mid-day trading on Wednesday, dropping more than $1,000 amid reports of exchange issues.
CoinDesk's Bitcoin Price Index (BPI) hit a low of $9,494.45 - representing a decline of more than $1,200 from the day's opening price of $10,709.53. The sharp drop is notable, considering that the cryptocurrency's price had risen above $10,800 earlier in the day.
At press time, bitcoin's price had recovered slightly, and was trading at $9,714.