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Bitcoin falls to four-month low near $62K as crypto selloff deepens

By Cointelegraph by Ezra Reguerra

The global cryptocurrency market capitalization fell 4% to $2.26 trillion over 24 hours, while Ether and Solana posted double-digit weekly losses.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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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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Market capitalisation

The total value of a listed company, calculated as its share price multiplied by the number of shares.

It is the usual way to compare the size of public companies.

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