Bitcoin tumbles 7% amid a broader cryptocurrency sell-off that’s also dragging crypto-linked stocks lower | Currency News | Financial and Business News

Bitcoin has lost around half its value since April.

  • Bitcoin slipped to $32,639 as of Thursday morning, sinking back below the $33,000 level.
  • “We expect it to spend the next few weeks testing this range on either side,” Pankaj Balani of Delta Exchange said.
  • Cryptocurrency-linked companies have suffered in step with the broader digital asset ecosystem.
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The price of bitcoin slipped 7% Thursday amid a broader cryptocurrency sell-off that has also dragged crypto-linked stocks lower.

The world’s largest digital asset by market capitalization slipped to $32,639 as of Thursday morning ET, sinking back below the $33,000 level for the first time in over a week.

Other cryptocurrencies have also been trading rangebound as of Thursday morning ET:

Bitcoin in the past months has been trading in a range at just around half its April peak price of nearly $65,000….

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