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Bitcoin Slips Below $110K as Analysts Weigh Risk of Deeper Pullback

Bitcoin's (BTC) feeble bounce this week ran out of gas on Thursday, with prices slipping back below $110,000 and some market watchers warning of a deeper pullback.The largest cryptocurrency fell 2.2% over 24 hours to $109,500, erasing half the gains it made from the weekend's low of $107,000 as it topped $112,600 on Wednesday. Ether (ETH), Solana's SOL (SOL) and Cardano's ADA (ADA) all fell more than 3% over the past 24 hours.Digital asset treasury stocks also bled. The largest corporate BTC owner Strategy (MSTR) dropped 3.2% and is 30% down since July. Japan-based MetaPlanet (3355) lost 7% and trades 60% lower than its June high, while KindlyMD (NAKA) slid another 9% and is now down 75% since mid-August. Ether-focused…

Source: www.coindesk.com — Read the full article
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