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Bitcoin plunged 28%. Institutional investors bought the dip

Bitcoin bounces back

The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors.

The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in value just as markets in Japan were nosediving. But it turns out, these newbie crypto traders were down to buy the…


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