Bitcoin shrugged off the market turbulence on Wednesday as industry figures raised hopes that the US’s aggressive global tariff policy will spark fresh interest in the technology behind cryptocurrencies.
The price of bitcoin, which has been correlated largely with the Nasdaq Composite for the last few years, added 0.9 per cent to $77,725 per coin after dropping to a low set in overnight trading.
The rebound came even as the US and China ratcheted up trade tensions with more retaliatory tariffs.
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