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CryptoWatch: Bitcoin holds above $6,000 but ends week lower; Bets against Ether hit record

Bitcoin prices held above $6,000 Friday, after a 24-hour selloff resulted in the price of the world’s largest digital currency trading perilously close to a crucial support level.

A single bitcoin BTCUSD, -0.17% was last going for $6,231.11, up 0.1% since Thursday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange.

Thursday’s decline took the total value of all cryptocurrencies below $200 billion for the first time since Sept. 20, according to data from CoinMarketCap.

With global equity markets in the midst of a brutal selloff earlier this week, industry onlookers are watching closely for moves in digital currency prices, with some proponents speculating bitcoin could act as a haven trade—with some calling it “digital gold.

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