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Bitcoin on pace for fourth consecutive weekly drop from record
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economictimes.indiatimes.comBitcoin remains on pace for its fourth consecutive weekly decline after a brief bounce triggered by a report showing U.S. inflation accelerated failed to unwind the negative sentiment that has recently gripped digital-asset markets.
The largest cryptocurrency by market value has long been touted as an inflation hedge, in part because of its fixed supply. Bitcoin was little changed after rising as much as 4.4 per cent to $50,101 in New York trading on Friday.
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