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Bangkok Post
Bangkok Post
Business

Bitcoin struggles as ‘final washout’ possible

Bitcoin Mark Newton Fundstrat
An attendee takes a picture of a replica bitcoin mine at the CoinDesk 2022 Consensus Festival in Austin, Texas, the United States, on June 10, 2022. (Photo: Bloomberg)

Bitcoin stayed just over US$20,000 on Wednesday, with its inability to gain upward traction fueling concern among analysts of further declines.

The largest cryptocurrency was little changed, bound in a range between about $20,130 and $20,429. The MVIS CryptoCompare Digital Assets 100 index, which measures 100 of the top tokens, fell 2.1% as of 1.30pm in Singapore.

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