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LONDON (Reuters) – Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 because the world’s hottest cryptocurrency continued to retreat from the $42,000 document excessive hit on Jan. 8.
The pullback got here amid rising issues that bitcoin is considered one of quite a lot of monetary bubbles threatening the general stability of world markets.
Fears that U.S. President Joe Biden’s administration may try to manage cryptocurrencies have additionally weighed, merchants stated.
Reporting by Julien Ponthus; enhancing by Tom Wilson
