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Bitcoin Lingers Around $20,000 Again as Risk-Off Mood Remains

  • Cryptocurrency fails to gain traction after bouncing off lows
  • Digital tokens have shown strong correlations with stocks
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Crypto Bulls Charge Back
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Bitcoin traded once again around the $20,000 level, underperforming stocks amid lingering concerns of a greater shakeout in the crypto market. 

The largest cryptocurrency declined as much as 4.8% to $19,832, before settling in around $20,000 as of 3:11 p.m. in New York. Ether fell by a maximum 6.1% to $1,053. Solana, Cardano, Polkadot and Dogecoin all declined.