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18 Aug 2023
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Bitcoin Price Falls, Then Stabilizes
Bitcoin prices had held fairly steady earlier this month. (Angel Garcia/Bloomberg News)
A selloff in bitcoin has ended weeks of relative calm for the world's largest cryptocurrency.
Bitcoin dipped below $26,000 late Thursday, before regaining some ground early on Friday.
It recently traded at about $26,194—a roughly 8% drop from where it traded at 5 p.m. ET in the previous session.
The digital currency had been slipping earlier this week, after trading late last week at about $29,400.
Investors and analysts said there were a few potential drivers for the move:
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