Weekly Market Wrap: Bitcoin trades below US$27,000 amid U.S. debt ceiling negotiations

Weekly Market Wrap: Bitcoin trades below US$27,000 amid U.S. debt ceiling negotiations

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Bitcoin rose 1.78% from May 12 to May 19 to trade at US$26,846 as of 7:30 p.m. on Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization has been trading under US$30,000 since April 19. Ether rose 2.44% over the week to US$1,808 after falling below US$1,800 multiple times…

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