Bitcoin dives over 6% to below $11,000

Bitcoin continued its downward trajectory on Thursday, dropping below $11,000 for the first time in over a month.

Contributing factors to Bitcoin’s weaker performance this week include a rebound in the dollar and large mining pools sending sizeable amounts of the cryptocurrency to exchanges in recent days.

Bitcoin dropped 6.23% to $10,709 at 12:38 pm ET. The digital currency is down over 5% for the week.

Breaking the News / JC

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