Cryptocurrencies
Bitcoin Touches One-Month Low as Glum Traders Hedge for Payrolls
- A bout of caution in global markets spills across into crypto
- Signs of bearish bets emerge in the Bitcoin options market
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Bitcoin flirted with a one-month low amid a wider retreat from riskier investments in global markets due to fears about the economic outlook.
The largest digital asset slid more than 4% at one point on Wednesday before paring a part of the decline to change hands at $56,318 as of 7:15 a.m. in London. Most other major tokens such as Ether also nursed losses.