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Cryptocurrency: Bitcoin on the decline

18/02/2022
Categories: Economy/Forex

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Fears over Ukraine are making traders nervous. On Friday, US President Joe Biden said Moscow was preparing a pretext to justify a possible attack on Ukraine, which is hurting bitcoin.

Bitcoin was trading around $40,500, a two-week low, after falling on Thursday. Bitcoin fell 7.4% to $40,631.78 at 2205 GMT on Thursday, down $3,248.05 from its previous close. The world's largest and most well-known cryptocurrency is down 15.3% from its January 2 high of $47,989. Ether, the cryptocurrency tied to the ethereum blockchain network, fell 7.43% to $2,891.32 on Thursday, down $231.92 from its previous close.

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