Bitcoin fell for a second day amid concerns that a jump in bond yields is sapping demand for riskier investments.
The largest cryptocurrency shed as much as 3.4% on Friday and was trading at about $47,000 as of 1:05 p.m. in Hong Kong. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other tokens, slipped more than 3%.
Bitcoin is now some $10,000 below February’s record above $58,000, stoking the debate over whether the token’s investment base will widen or peter out as…
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