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Crypto wrap: 'Merge' in focus, inflation figures still key, say experts

Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark

An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on Feb. 17, 2022. Cryptocurrencies have experienced their worst plunge since 2018. (AP Photo/Kin Cheung, File)
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Raghav Aggarwal New Delhi
The crypto market saw a bearish week, with Bitcoin falling nearly 10 per cent in the last seven days. The largest crypto token by market capitalisation was trading at $21,750 on Friday, according to coinmarketcap.com. On Monday, it had briefly hit the $ 25,000 mark.

Ethereum, the second largest cryptocurrency, was down nearly 8 per cent in the last seven days. It was trading at $1,741 on Friday.

"For the entire week, crypto markets traded in red thanks to the profit booking, which kept the investors on tenterhooks for the strong upside in the recent days," said Raj

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First Published: Aug 19 2022 | 4:41 PM IST

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