Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential selling by governments, creditors of a failed exchange and beleaguered crypto miners.
The original digital asset fell as much as 8% to $53,602, before paring the decline by about half. Most cryptocurrencies fell broadly even as stock markets advanced, highlighting the array of challenges facing the industry.
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Suvashree Ghosh
https://www.bloomberg.com/news/articles/2024-07-05/bitcoin-btc-drops-for-fourth-day-even-as-global-stocks-hit-records
2024-07-05 07:00:00
