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Crypto sheds $132 billion
Bitcoin fell to $75,581 on Thursday, its lowest level in seven weeks, before recovering to above $76,000 and trading at around $76,338, down 5.3% over 24 hours. The decline coincided with a sell-off in U.S. technology stocks, as investors shunned risk and fallout from the Binance platform hack continued. Ether also fell 6.8% to $2,269. The total cryptocurrency market capitalization dropped 4.92% to $2.56 trillion, shedding nearly $132 billion, while spot Bitcoin funds saw net outflows of $1 billion following the hack.
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