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Zoom out. You aren't getting the full picture with this 24 hour view. In terms of the USD price, STEEM is up about 300% from a month ago. So a 12% drawback in 24 hours is nothing in comparison.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 60638.91
ETH 2449.26
USDT 1.00
SBD 2.52