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Max Spxtr
@maxspxtr
The price of bitcoin was last lower by 3.7% at $63,451.12, after briefly reclaiming the $65,000 level last week, according to Coin Metrics. In crypto stocks, Coinbase slid 6.8% and MicroStrategy fell 4.3%. For the month, bitcoin finished its strongest September since 2012 with a 7.9% gain and its second positive September — historically the cryptocurrency’s weakest month — in a row. It posted a quarterly gain of 2.8%. Coinbase finished the month down 2.8% and the quarter down 20%. Some analysts see that downtrend continuing in the coming weeks. It also posted back-to-back quarterly losses for the first time since the first half of 2022 and the worst quarterly performance since the fourth quarter of 2022.
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