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Bitcoin hits lowest level since April amid US macro uncertainity

Bitcoin plunged over 7 per cent to its lowest level in seven months on Friday as weak US economic signals dampened investor sentiment, dragging the entire crypto market lower

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Bitcoin, the world’s largest cryptocurrency, fell to its lowest level since April on Friday as worries over the US economy triggered a broader selloff in digital assets.  

The cryptocurrency dropped 7.18 per cent to $85,966.75 during intra-day trading session. Its market value stood at $1.71 trillion, while trading volumes in the past 24 hours reached $94 billion.

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