Bitcoin plummeted just hours after setting yet another record

Following another record, the value of bitcoin fell by nearly 18 percent to as low as $14,095.62 Friday morning.

The digital currency hit a high of $19,340 on the Coinbase exchange before notching a huge decrease.

"It goes without saying that prices have reached a level where sentiment is exhibiting short-term euphoria," Mark Newton, managing member at Newton Advisors, wrote in an earlier note to clients.

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