The price of bitcoin (BTC) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels. The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June. The overarching theme in bitcoin and crypto in general for nearly four months now is the speed with which even modest moves higher get reversed. In addition to FTX, consider other impaired trading firms, lenders, and exchanges, as well as bitcoin miners – many of whom one year ago were confirmed holders, but now must sell at least part of their bitcoin stash each month to help fund their operating expenses.
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