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Bitcoin holds near $75,000 after tech stock rout, altcoins suffer steeper losses
A record hack, a blue wave and a tech stock rout have given Bitcoin investors plenty to worry about. Yet the leading cryptocurrency has fallen only about 1% in the past 24 hours and now trades near $75,000.
Summary
A record hack, a blue wave and a tech stock rout have given Bitcoin investors plenty to worry about. Yet the leading cryptocurrency has fallen only about 1% in the past 24 hours and now trades near $75,000. “It could have gotten hit a lot harder,” said John LaForge, chief alternatives strategist at Ned Davis Research. “The fact that it’s still… holding the 75 to 80 [range], I consider it a mild positive.”
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