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Bitcoin’s Surge Wasn’t Sustainable so Its Latest Retreat Is No Surprise

Bitcoin’s Surge Wasn’t Sustainable so Its Latest Retreat Is No Surprise

There goes bitcoin. After soaring almost 20% on Wednesday alone to just below $14,000, the virtual currency succumbed to gravity on Thursday morning, dropping below $12,000. The price of bitcoin had surged by more than 80% in less than a month, its strongest performance since its rise to almost $20,000 in the middle of December of 2017.








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