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Bitcoin at seven-week low

Bitcoin at seven-week low

Bitcoin fell below $76,000, down 5.8% and reaching its lowest level in seven weeks, as the Nasdaq 100 dropped 6.4%. The decline came amid a sell-off in technology stocks and other high-risk assets, concerns over data-center spending and regulatory restrictions, and a breach of the Binance platform. Spot bitcoin funds recorded more than $1 billion in outflows, including around $900 million from BlackRock’s IBIT fund.

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