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Dire Bitcoin Warning As Confidence ‘Evaporates’ Amid $100 Billion Crypto Rout
Bitcoin and cryptocurrency markets have plummeted this week, falling along with traditional markets in the face of coronavirus chaos. The bitcoin price, at one point crashing an eye-watering 50% across a 24-hour trading period, has now found a temporary floor at around $5,000 per bitcoin—down from almost $10,000 just last week. Now, after bitcoin and crypto markets saw some $100 billion worth of value erased in just a week, bitcoin bull and hedge fund multi-millionaire Mike Novogratz has warned confidence has "evaporated"—potentially leaving bitcoin and crypto vulnerable. "[Bitcoin] was always a confidence ... (full story)
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