Bitcoin exchange rate falls after Wall Street sale

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors withdrew from more risky bets following this week’s stock market sales.

Bitcoin, the largest cryptocurrency measured by market value, fell 18% to $ 46,571.84 around 7 a.m. ET, according to data from CoinDesk. It temporarily dropped to $ 42,000 before returning. Ether, the second largest cryptocurrency, fell close to 16%.

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