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The Block

Bitcoin traders raise odds of sub-$70,000 Christmas, Bitmine reports $6.3 billion annual net loss, and more

By Yogita Khatri

In today's newsletter, bitcoin 'ripe for a squeeze' as traders raise odds of sub-$70,000 Christmas; Bitmine reports $6.3 billion annual net loss as ether falls 44%; and more.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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