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Bitcoin Eyes First Two-Day Drop of 2023 as Microsoft Dents Mood

  • Largest token and others like Ether, Cardano all on back foot
  • Pause follows $250 billion January jump in crypto market value
Updated on

Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment.

The largest token fell as much as 2.5% and was trading at about $22,518 as of 10:281 a.m. in New York. A range of smaller coins, from Ether to Cardano to Avalanche, were also in the red.