03:27 GMT20 January 2021
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    Earlier, the US Federal Reserve System said that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease (COVID-19) pandemic.

    The most popular cryptocurrency, Bitcoin, dropped to $4,521, mirroring falls across global markets.

    Other cryptocurrencies followed the slide in price.

    On Wednesday, the World Health Organization (WHO) declared the outbreak of the new coronavirus disease a pandemic.

    coronavirus, markets, Bitcoin
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