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Bitcoin drops below $50,000 for the first time since February

  • Bitcoin's price has fallen below $50,000 for the first time since February, reaching a low of $48,126.
  • Major cryptocurrencies, including Solana, Dogecoin, and Cardano, have dropped over 19%, with the global market cap declining to $1.78 trillion.
  • Contributing factors include renewed recession fears in the U.S., rising unemployment, and the Bank of Japan’s interest rate hike affecting global markets.
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  • 54% of the sources are Center
54% Center
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