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Wednesday, May 15, 2024

Bitcoin touches an almost 2-month low

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken on May 23, 2022. (Photo: Reuters)

LONDON – Bitcoin reached an almost two-month low as risk aversion weighs on the cryptocurrency market with global government bond yields climbing to the highest in about 15 years.

“When you throw in what is happening in the bond market, it becomes easy for Bitcoin prices to soften,” Edward Moya, senior market analyst at Oanda,…

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