It is becoming a more common occurrence: When stocks fall, so does bitcoin.
Bitcoin, the world’s largest cryptocurrency by market value, fell below $38,000 Friday to its lowest dollar value since August 2021, according to CoinDesk. It later regained some ground and was trading at $38,616.17, down 6.7% from its level late Thursday and more than 40% from its record in November 2021.
The drop came fast on the heels of a late-afternoon swoon in…
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