Bitcoin Breaks From Stocks and Keeps On Falling as Crypto Slides

Bitcoin Breaks From Stocks and Keeps On Falling as Crypto Slides

(Bloomberg) — Crypto had another bad week — and it may only get weirder.

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Bitcoin led a decline in digital assets across the whole crypto spectrum, with the world’s largest token set for an eighth straight weekly loss in its longest such slump since August 2011.

Bitcoin fell 2.4% on Friday to about $28,700 as of 5 p.m. in New York, buffeted by both the macro headwinds of Federal Reserve monetary tightening and the crypto-specific fallout from this month’s implosion…


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