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Bitcoin declines over 4% to around $62,000
Bitcoin’s price has fallen by more than 4%, approaching the $62,000 level, amid a wave of declines in global financial markets due to a drop in technology stocks and expectations of tighter U.S. monetary policy. The decline is attributed to outflows from institutional investment funds and decreased liquidity, with the currency recording losses of nearly 28% since the start of the year and a 50% drop from its highest level in October of last year, as long-term holders continue to sell.
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