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Bitcoin Steadies After Retreating Over 30% From November Record

  • Cryptocurrency is testing a cluster of key support levels
  • Tokens ranging from Solana to Dogecoin also nursing losses
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Bitcoin Drops Below $48,000
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Bitcoin steadied after dropping further from its November all-time high as the prospect of reduced central bank stimulus hurts speculative demand for cryptocurrencies.

The digital asset traded at $46,435 as of 6:47 a.m. in London on Tuesday following a 6.3% drop a day earlier. A wide range of other tokens such as Ether, Solana and Dogecoin were also nursing losses.