Bitcoin Price Falls 54% From Its High

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"The cryptocurrency market has continued its slide from last week, mirroring the fall of the broader stock market."

"The world’s largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, a 10% drop from Sunday at 5 p.m. EDT, according to prices from CoinDesk."

"Bitcoin’s price has fallen 54% from its record high of $67,802 in November."

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"It is on track for the worst five-day stretch since the five days ended March 16, 2020, when it fell almost 38%."

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"Ethereum, the second-largest cryptocurrency, fell Monday to $2,286.10, almost 10% below the price Sunday evening."

"Bitcoin and cryptocurrencies more widely are known for their violent price swings."

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"Individual investors controlled the market for years but institutional investors, such as hedge funds and money managers, have started to dominate it."

"With more professional investors trading crypto, the market has increasingly moved in tandem with traditional markets."

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"Many institutional investors that buy cryptocurrencies treat them as risk assets, similar to technology stocks."

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"Investors tend to retreat to safer corners of the market during turbulent bouts."

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