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Bitcoin tanks after Elon Musk hints prices are excessive; Janet Yellen sounds warning

Bitcoin tanks after Elon Musk hints prices are excessive; Janet Yellen sounds warning

NEW YORK (BLOOMBERG) – Elon Musk’s embrace of bitcoin earlier this month rocketed the cryptocurrency almost 50 per cent higher to more than US$58,000 (S$76,600). His cold shoulder this weekend whipsawed the largest digital asset. Bitcoin dropped as much as 6 per cent in Asia trade on Tuesday (Feb 23) and was trading around US$52,000.








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