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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 0.04
TRX 0.32
JST 0.088
BTC 58669.29
ETH 1573.84
USDT 1.00
SBD 0.38