Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets

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While bitcoin is trading 6.7% lower on the day near $55,000, the S&P 500 futures are nursing a 2.3% loss. The MSCI Asia-Pacific index has slipped 1.8%, and the commodities complex is bleeding, with oil down over 2% on both sides of the Atlantic. Meanwhile, anti-risk assets like the Japanese yen and U.S. Treasuries are gaining ground.



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