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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.
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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.
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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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