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Bitcoin’s Volatile Week Rattles Faith in Crypto Resurgence

  • Digital coin set for one of its worst weeks since September
  • Price down sharply from early January high of almost $42,000
Bloomberg business news
Bitcoin Skeptic Rogoff Says Cryptocurrency Will Be Regulated
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The sharp selloff in Bitcoin this week is stoking fresh questions about the sustainability of the cryptocurrency boom.

Prices for the digital asset have tumbled about 12% this week, marking the steepest decline since September. Bitcoin was higher on Friday, pushed back above $32,000 after a series of wild swings the past two days. Commentators have cautioned that a sustained drop below $30,000 could presage further losses.