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Bitcoin Retreats From All-Time High With Virus Raging

Bitcoin and gauge of digital assets are off their highs
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Bitcoin tumbled 20% from record highs notched earlier this month as a new variant of the coronavirus spurred traders to dump risk assets across the globe. The world’s largest token fell as much as 7.5% to $54,430.35 in Friday trading in London. Ether, the second largest digital currency, dropped 9%, while the wider Bloomberg Galaxy Crypto Index dropped 4%.  

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