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PARAGRAPHIqbal Gandham vice president of after a strong sales crylto, also is being fueled by and boosts its dividend, and PayPal issues disappointing guidance.

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Bitcoin, the largest digital asset, lost more than 12% Friday and dropped below $36, to its lowest level since July. Since its peak in. Cryptocurrency investors have seen several ups and downs over the years, usually followed by higher (relatively) stable prices when the dust settles. Highlighted by declines in everything from dogecoin DOGEUSD to Ether ETHUSD, crypto values are collapsing, if not crashing, wiping out more.

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A noteworthy development, given that the environmental impact of bitcoin has been a recurring source of concern within the crypto mining space. Skeptics have speculated that Elon Musk could be attempting to establish himself in the cryptocurrency space for his own gain. The question also nods to the financial crisis that started in , when a drop in the housing market sent the U.

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