Bitcoin falls 9% and Asian shares slip after Wall Street is hit by tech stock losses
Bitcoin fell about 9 percent on Friday as global financial markets reacted to sharp losses in U.S. technology stocks, which weighed heavily on investor sentiment. Asian equity markets slipped, and concern spread across risk-related assets. Bitcoin’s price dropped to just under $65,000 after briefly dipping below $64,000 earlier in the session before recovering somewhat, a significant fall that erased much of the gains it had made since last year’s highs.
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