Bitcoin fell below $5,400. What caused this sharp drop? This downward movement took place as the broader cryptocurrency market also suffered notable losses, declining from a total value of $210 billion earlier in the day to almost $180 billion by roughly 15:30 UTC (approximately 10:30 a.m. ET), according to CoinMarketCap. When explaining what caused the sharp decline in bitcoin prices, analysts generally pointed to either ...
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Industrial production in China was up 5.9 percent on year in October, the National Bureau of Statistics said on Wednesday. That exceeded expectation for 5.8 percent, which would have been unchanged from the September reading. The bureau also said that retail sales climbed 8.6 percent on year - missing forecasts for a gain of 9.2 percent, which again would have been unchanged from the previous month. more...
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