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Bitcoin slumps 8pc as it heads for bruising monthly drop - World

The cryptocurrency has lost 37pc in May, which if sustained would be its worst monthly performance since September 2011. ....

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Bitcoin slumps 8% as it heads for bruising monthly drop

Bitcoin slumps 8% as it heads for bruising monthly drop
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Bitcoin slumps 8% as it heads for bruising monthly drop

Bitcoin slumps 8% as it heads for bruising monthly drop
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Wild ride: Bitcoin rose 31% at breakfast, rose 33% at lunch | Automotive news

Wild ride: Bitcoin rose 31% at breakfast, rose 33% at lunch | Automotive news
31% jump in the morning. 33% increase in the afternoon.
It was strange what Bitcoin took on investors on Wednesday, before it could help push the comments of some famous defenders by lowering the value of billions in a hard bounce.
The extreme fluctuations in the prices of an asset known for its turbulence caused disruptions in major crypto exchanges and Wall Street chats prevailed. The incident led to a tweet from Elon Musk about Tesla Inc. saying she wasn’t among the vendors, Cathie Wood said her monitor sparked a “capitulation” that put the digital token “on sale”. The technology company Justin Sun, which created the cryptocurrency platform Tron, tweeted that it had bought $ 152 million in Bitcoin for about $ 37,000. ....

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Bitcoin plunges: A bust or a buy? | Money

Thursday, 20 May 2021 07:23 AM MYT
Bitcoin has dropped some 40 per cent from a record high of US$64,895 hit on April 14. Reuters pic
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NEW YORK, May 20 ― Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump yesterday after a roller-coaster ride which could undermine their potential as mainstream investments.
The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively, but significantly pared losses after two of their biggest backers ― Tesla Inc chief Elon Musk and Ark Invest s Chief Executive Cathie Wood ― indicated their support for bitcoin. ....

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