Bitcoin slides to four-month lows even as stocks hit record
Bitcoin dropped for a fourth consecutive trading session as part of a wider cryptocurrency selloff, in stark contrast to recent record highs in global stocks. The digital asset fell by as much as 8.1%, reaching its lowest level since February. Other cryptocurrencies like Ether, XRP, and Cardano experienced even steeper losses, exceeding 10% in some cases. Crypto speculators are facing several challenges.
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