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The last few times Nikolaos Panigirtzoglou witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, the JPMorgan Chase & Co. strategist is worried.
All eyes in the bitcoin world and beyond were on Coinbase on April 14 when the firm became the first cryptocurrency platform to go public.
Just last Friday, the S&P 500 had closed at a record high. This week, the stock market can’t seem to find its footing, with the major indexes slumping again Tuesday.
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