#bitcoin

The collapse of bitcoin, already under pressure since the start of the week, suddenly accelerated overnight, dropping to as low as $24,860, the lowest level since mid-June. With the cryptocurrency moving towards $27,600, and seeing a 10% drop of its value in about 5 minutes, in what can be described as a flash crash. Writing this report, around 4 am on Friday.

-It should also be noted that this decline occurred in the context of a strong wave of risk aversion, with a bloodbath between financial markets worried about the collapse of foreign currencies and the decline of the Chinese economy and the rise of bond yields that reached their highest levels in several years.

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