The largest cryptocurrency was last up 2.5per cent at $37,250 after earlier dropping to $32,951, its lowest price since July 23. That took losses from its all-time high of $69,000 hit in November past 50per cent.
Elon Musk and Vivek Ramaswamy, appointed as co-leads of President-elect Donald Trump's "Department of Government Efficiency" (DOGE), have detailed their plans in an op-ed published in The Wall Street Journal.
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