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Bitcoin, Ether hit two-month lows as US political shift fuels crypto sell-off | Business

Bitcoin, Ether hit two-month lows as US political shift fuels crypto sell-off | Business

CRYPTOCURRENCIES fell sharply in late Sunday trading, with Bitcoin and Ether hitting their lowest levels in more than two months as investors grew concerned that a Democratic Party-controlled US Congress could tighten regulation of the digital asset sector.

Reuters cited that Bitcoin, the world’s largest cryptocurrency by market capitalisation, fell more than two per cent to US$73,708, its lowest level since August.

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