Bitcoin rates fall after Wall Street sales

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors withdrew from more risky games after this week’s stock market sale.

Bitcoin, the largest cryptocurrency by market value, traded at $ 47,555.84 around 9:30 Eastern Time on Saturday, down 16% in 24 hours, according to data from CoinDesk. Around midnight, it had plummeted to $ 42,000 before returning. Ether, the second largest cryptocurrency, fell more than 13%.

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