Bitcoin price today swung between gains and losses Wednesday amid a monthly slump that puts it on pace for its worst decline since May. The volatile token was up 0.6% to trade around $47,800 at 10:14 a.m. Wednesday in New York, following a near 7% drop the prior session. It has retreated some 16% this month, while the wider crypto universe has shed more than $300 billion of market value over the period, according to tracker CoinGecko.
Demand for the most speculative investments has waned as 2021
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