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A punishing bitcoin selloff that has erased more than half of the pioneering crypto’s value saw a wild swing Thursday evening, with its price falling more than 5% at one point.
But bitcoin’s price
BTCUSD recovered just as quickly, and was last up more than 1%. From 4 p.m. Eastern on Wednesday to its lowest point Thursday evening, bitcoin had declined a total of about 17%, FactSet data showed, trading just above $60,000 a coin at one point. Earlier on Thursday, bitcoin tallied its biggest one-day drop since the collapse of crypto exchange FTX.
