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Bitcoin falls below $80,000, continuing decline as liquidity worries mount
Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53 per cent at $78,719.63 at 12:48 p.m. ET (1748 GMT) on Saturday, continuing its decline from the previous session. On Friday, bitcoin fell to as low as $81,104, the lowest since November 21, while the U.S. dollar gained after former Federal Reserve Governor Kevin Warsh was selected as the next Fed chair. Some investors and traders are concerned he might tighten up on cash in the financial system. Warsh has called for regime change at the central bank and wants, among other things, a smaller Fed balance sheet. Bitcoin and other ... (full story)