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Bitcoin Slump Deepens on the Way to Another Weekly LossThe slump in crypto prices happened as the year U.S. Treasury bond yield jumped another 14 basis points during the day, extending its two-. We believe cryptos have been pure speculative assets � there are no substantial real economic returns from the space and a rather flimsy set of use cases. Bitcoin � the largest token by market value � plunged more than 60%, leading a rout in digital assets that erased some $2 trillion in total.
