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Reuters
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Bitcoin fluctuated on Friday, heading for its worst weekly drop since September 2020 as concerns over regulation and overheating led to a pullback from recent highs.
The world’s most popular cryptocurrency (bitcoin) fell more than five percent to almost its lowest level in three weeks to $ 28,800 at the start of trading in Asia, before settling at nearly 32,000 . The currency has lost 11% since the start of the week, the biggest drop since September 2020.
Bitcoin is trading more than 20% below its all-time high of $ 42,000, which it hit two weeks ago, only to take losses in light of growing fears that it is one many price bubbles, and at a time when currencies are absorbing. Coded attention from regulators.
Source: Reuters
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