The first recorded Bitcoin transaction not involving the founder came in late 2009, when 5,050 Bitcoins were traded for US$5.02 over PayPal NASDAQ:PYPL, pegging the value for 1 Bitcoin at about US$0.001 — a 10th of a cent. Before the pandemic, crypto assets such as Bitcoin and Ether showed little correlation with major stock indices. They were thought to help diversify risk and act as a hedge against swings in other asset classes. But this changed after the extraordinary central bank crisis resp
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