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image: Reuters

Bitcoin sees muted action, consolidates after drop under key, long-term trend line

April 26, 2018

Digital currencies have taken a further pause Thursday, with most major assets trading in relatively tight ranges.

The No. 1 digital currency, bitcoin BTCUSD, -2.92% slipped back below $9,000, trading to its lowest level of the week at $8,660.87. A single bitcoin last traded at $8,847.25, down 2.5%, since Wednesday levels at 5 p.m. Eastern Time on Kraken.

Despite the decline Wednesday, industry participants remain upbeat, with the price of bitcoin still 30% off its April low.

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