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A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.
The original cryptocurrency tumbled as much as 7.2% to $78,226 (R1.46 million) at one point Friday, bringing its decline from the all-time high reached less than six weeks ago to 28%.
[Bloomberg]