Salem Radio Network News Tuesday, July 5, 2022

Business

Bitcoin tumbles 7% to lowest since July

LONDON (Reuters) – Bitcoin tumbled over 7% on Monday to its lowest since July, as fears of a Russian attack on Ukraine sparked a sell-off of riskier assets.

The largest cryptocurrency was last trading down 6.8% at $33,820, taking losses from its all-time high of $69,000 hit in November past 50%.

(Reporting by Tom Wilson; Editing by Rachel Armstrong)

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