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Here’s how the new Covid variant is turning Bitcoin into a traditional asset

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Bitcoin has been seeing a price downtrend since it touched a record peak of $69,000 earlier this month. However, BTC rose over $57,000 after a sluggish week, recording around 5% gains in the last 24 hours.It is noteworthy, that Bitcoin didn’t support the broader market weakness as sentiments dampened amid news of a new covid variant.In this regard, Ross Mayfield, Baird’s investment strategist told Bloomberg,“The evolving debate on what kind of asset crypto and Bitcoin will prove to be, whether

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