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Bitcoin price fluctuations increasingly mirror the broader tech stock market, as the recent downturn shows, belying its goal of hedging against inflation (David Yaffe-Bellany/New York Times)


David Yaffe-Bellany / New York Times:

Bitcoin price fluctuations increasingly mirror the broader tech stock market, as the recent downturn shows, belying its goal of hedging against inflation  —  The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.


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