Fintech

Wall Street sell-off triggers fall in bitcoin

Ether also tumbled late on 3 December but erased nearly all losses by 5 December

Bitcoin and other cryptocurrencies had a roller-coaster weekend, another sign that investors are pulling back from riskier bets after last week’s stock-market selloff.

Bitcoin, the largest cryptocurrency by market value, plunged more than 20% to $42,000 at midnight Eastern Time on 4 December before bouncing back somewhat, according to data from CoinDesk. It was trading around $49,200 on the evening of 5 December, still down about 8% since late 3 December and down about 14% since the start of the month.

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