New cryptocurrencies cause bitcoin price drop

New cryptocurrencies cause bitcoin price drop

Bitcoin exchange rate fell by 6.76% to $14,300, according to the data of the electronic cryptocurrency platform Coinmarketcap.

According to Coindesk, which provides the most accurate bitcoin price using an average from the world's leading exchanges, Bitcoin price was $14,060.

U.S. technology firm Kodak announced that it will launch its own cryptocurrency, with plans to host an initial coin offering at the end of January. Kodak said the cryptocurrency would underpin "an encrypted, digital ledger of rights ownership for photographers."

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