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Bitcoin Loses Momentum on Weekend With Support Around 2017 High

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Bitcoin trended downward through the weekend after a solid unemployment report offered mixed implications for the Federal Reserve as it contemplates its path on interest rates.

The largest cryptocurrency spent time below $20,000 for a ninth consecutive day on Sunday, a session in which it failed to crack above that round-number level at all. On several of the days, it’s fallen into the $19,500 range but not below $19,511, its then-record peak from December 2017.