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Bitcoin finds support at $11500 after slumping 11% amid Libra concerns

Bitcoin finds support at $11,500 after slumping 11% amid Libra concerns

Bitcoin has responded to an overnight sell-off by finding support in the $11,500 region. The world’s largest cryptocurrency, with a market cap of $207 billion, was rejected from the $13,000 level immediately after scathing comments from US Federal Reserve chair Jerome Powell in relation to Facebook’s Libra project.