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Bitcoin Retreats Again as Investors Shun Riskier Assets

·1 min read
Bitcoin Retreats Again as Investors Shun Riskier Assets

Bitcoin declined but was off its lows for the day after the world’s largest cryptocurrency slumped as the implications of a potential failure of China China Evergrande Group —the world’s most indebted property developer—continued to sweep through global markets. Bitcoin was down 2.99% to $42,603. Its low over the last 24 hours was $40,267, according to cryptocurrency tracker CoinDesk.