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Crypto ETFs, governments, and MicroStrategy now hold 31% of all known Bitcoins, up from 14% last year.
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Bitcoin pulled back further from last week’s all-time high of over $108,000 to below $93,000. Stocks of publicly traded crypto companies also struggled, with Bitcoin whale MicroStrategy falling by 8%, crypto exchange Coinbase sinking by 5%, and the most valuable Bitcoin miner, Marathon Digital, dipping by 4%.
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