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Bitcoin stabilizes at $49,000 after Friday's overnight plunge
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Bitcoin prices stabilized on Sunday morning after wild trading sent the cryptocurrency tumbling more than 17% in just 24 hours.
The cryptocurrency traded at $48,953 around 9:15 a.m. Sunday on Wall Street, according to data from Coin Metrics. The move towards the $50,000 mark comes after bitcoin dropped to a low near $43,000 on Saturday, after trading around $57,000 on Friday.
Bitcoin's sharp tumble follows Friday's risk-off tone in the broader market. All three major averages
Read more on cnbc.comAbout this in other media
Top cryptocurrency prices today: Bitcoin hits $50,000; Ethereum, Binance coin jump up to 8% economictimes.indiatimes.com /2 years ago
Bitcoin Shows 'Overwhelming' Institutionalization After ‘Significant Deleveraging’ cryptonews.com /2 years ago
Bitcoin Below $50,000, At Early October Levels, After Weekend's Battering ndtv.com /2 years ago
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