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Tuesday, August 9, 2022

Bitcoin Price Tumbles After Wall Street Selloff

Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets after this week’s stock-market selloff.

Bitcoin, the largest cryptocurrency by market value, was trading at $47,555.84 around 9:30 a.m. Eastern Time on Saturday, down 16% in 24 hours, according to data from CoinDesk. Around midnight it had plunged to $42,000 before bouncing back. Ether, the second-largest cryptocurrency, was down more than 13%.

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