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Bitcoin plunges over 20% in another sign of global market nerves
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economictimes.indiatimes.comBitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.
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View Details »The swings in cryptocurrencies come amid a volatile period for financial markets. Spiking inflation is forcing
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