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Bitcoin Extends Tumble in Further Blow to Volatile Crypto Boom – Bloomberg

Bitcoin resumed declines Wednesday as the digital coin heads for its worst week since March last year, casting doubt on the outlook for the cryptocurrency boom.

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Bitcoin resumed declines Wednesday as the digital coin heads for its worst week since March last year, casting doubt on the outlook for the cryptocurrency boom.
Bitcoin fell as much as 6.8% to about $32,359 before paring some losses, according to a composite of prices compiled by Bloomberg. The largest cryptocurrency hit a record of almost $42,000 on Jan. 8 before tumbling to a low around $30,300. The Bloomberg Galaxy Crypto Index fell as much as 7.1%.
The price swings evoke memories of Bitcoin’s…

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