Bitcoin price hovers around $42,000

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Bitcoin was trading around $42,000 Wednesday morning, paring gains after snapping a two-day losing streak.

Late Tuesday afternoon, the cryptocurrency traded above $43,000.Bitcoin is up more than 2% month-to-date, but down 8% year-to-date.

Concerns about regulation and the possible fallout from the Russia-Ukraine conflict were reported as the reasons.

 

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