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Bitcoin Falls Past $7,500 as Cryptos Slide in Global Sell-Off

From bnnbloomberg.ca

Bitcoin extended declines a second day, falling past a key $7,500 support level to lead cryptocurrencies lower amid a wider global risk asset sell-off over the intensifying coronavirus crisis. The largest digital currency fell as low as $7,353 and was down 5.6% as of 3:25 p.m. in Hong Kong, according to consolidated pricing compiled by Bloomberg. The wider Bloomberg Galaxy Crypto Index tumbled 7%, with Ether, XRP and Litecoin also retreating. “Investors are moving out of any risky assets,” said Vijay Ayyar, Singapore-based head of business development at crypto exchange Luno. “Even though Bitcoin is compared to gold ... (full story)

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  • Category: Fundamental Analysis