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Fintech

Here’s how bitcoin is treading water as investors look elsewhere

Nonfungible tokens spiked in the spring, and are surging now, drawing money away from bitcoin

The late summer lull that overtakes Wall Street is even making bitcoin drowsy.

Bitcoin's price stalled right at $50,000 during its August rally. On 1 September, the cryptocurrency settled at $48,279.42, before briefly crossing $50,000 a day later.

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