Thu. Oct 29th, 2020

Bitcoin fell more than 8% in a steep selloff Thursday, mirroring the stock market’s worst day since March. It slumped to about $9,000 before recovering some of its gains Friday. About $78 million worth of long contracts in the futures market were liquidated during the decline. The pullback came after another rejection at the $10,000 resistance level, which it briefly surpassed following a statement by the Fed expressing concern about the economy on Wednesday.

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