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Bitcoin Retreats to August Low Amid Bout of Global Market Angst

From bnnbloomberg.ca

Bitcoin extended losses on Tuesday, falling to the lowest level since August after a global selloff in riskier assets took the overall value of the cryptocurrency market back below $2 trillion. The largest digital coin fell as much as 7.6% to $40,237 before paring some of the decline. Second-biggest token Ether was trading below $3,000, while Cardano, Solana, Polkadot and Dogecoin also fell, according to tracker CoinGecko. All were trading off their lows for the day. Virtual currencies were roiled amid fears of contagion from the liquidity crisis at China Evergrande Group, the world’s most indebted developer. A ... (full story)

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  • Category: Fundamental Analysis