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Bitcoin sinks below $80,000 in line with stocks, but may prove more resilient
Bitcoin prices fell below a key psychological threshold on Monday as the financial markets sell-off intensified, but cryptocurrency experts believe it’s likely to hold up better than other asset classes if a global trade war drags on. The cryptocurrency, which trades around the clock, was at $79,000 Monday afternoon, down fractionally since the morning and recovering some of its earlier losses. It is now down about 15% in the year so far. Bitcoin is a digital currency and virtual payment system designed to exist outside the control of any central entity, in contrast to fiat currencies which are controlled by ... (full story)
