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First Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter Hack

Cryptocurrency traders yawned at one of the year’s biggest news stories for bitcoin, with prices barely budging as the digital-asset industry became a primary victim of this week’s massive hack on Twitter accounts.

The notoriously volatile bitcoin slid just 0.8% to about $9,100 on Thursday after slipping a meager 0.7% on Wednesday as the news hit. That’s in a market where it’s not uncomon, at least until recently, for prices to swing 8% in a day.  

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