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Bitcoin’s Big Selloff Was a Long Time Coming: Investors React

  • Signs of overheating across crypto market after record gains
  • Family offices and hedge funds eye market technical charts
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Bitcoin Plunges Below $50,000 in Worst Week in Two Months
Bloomberg News
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Bitcoin has rewarded investors with massive gains all year, but now the cryptocurrency’s famous volatility is back.

The token plunged below $50,000 in Friday trading for its worst week in almost two months as a proposed tax hike for wealthy Americans intensifies an industry selloff.