Bitcoin Rally Falters as More Turmoil, Rates Present Headwinds

Bitcoin is ending the week on a negative note after the optimism that drove the price of the largest digital asset to a one-year high fades amid a spate of new industry turmoil and crosscurrents in global financial markets. .

The cryptocurrency, which accounts for roughly half of the crypto sector's $1.2 trillion market value, dipped for a fourth straight day to settle at around $30,200 on Friday. The token briefly touched $31,504 on Thursday, the highest level since June 2022.

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