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Here’s how crypto bulls are reacting to bitcoin’s newest slide

Bitcoiners encouraged to ‘HODL’ during latest dip as MicroStrategy indicates sale of $400m in debt to buy more bitcoin

Anthony Scaramucci, founder of New York hedge fund SkyBridge Capital and former Trump communications director, said bitcoin early adopters will hate the fact they recovered the money but noted it's positive for institutional adoption
Anthony Scaramucci, founder of New York hedge fund SkyBridge Capital and former Trump communications director, said bitcoin early adopters will hate the fact they recovered the money but noted it's positive for institutional adoption Photo: Bloomberg via Getty Images

Bitcoin and other cryptocurrencies have tumbled more than 10% across the board, as a series of triggers put the tokens in the spotlight.

The price of bitcoin had fallen as much as 10.24% to around $32,490 in the last 24 hours as of 7:30am BST on 8 June, while its second largest rival ether had lost as much as 12.19%.

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