Bitcoin finds a bottom as risk aversion grips global markets

Bitcoin clawed its way back from the four-month low of $5,922 it touched Tuesday, rebounding almost 45% to $8,500. The Standard & Poor’s 500 index and the Dow Jones industrial average each fell more than 5% this week, wiping out gains for the year. Emerging markets stocks and currencies also plunged, while shorter-maturity U.S. Treasuries climbed as investors fled from risky assets to safer havens.

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