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Bitcoin rebounds from yesterday afternoon meltdown
Yesterday, just after Bitcoin rose to its highest level ever, at 69,191 an update here noted the price was reversing sharply. Well, that reversal subsequently turned into a maul, as many earlier buyers were savaged by a precipitous fall. That fall extended to a low at 59,317 yesterday evening ahead of the wider US market close. That was a drop of more than 14% from the top to the bottom. However, it has managed to recover today and the rebound has taken to above 66k as I write this update. The high set a moment ago was at 66,215. It is just now trading at 65,975
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Dow Jones drops back after University of Michigan consumer sentiment index falls
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