Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) - Beset by rising regulatory pressure, bitcoin hovered around $40,000 on Friday, pausing its attempt to recover from this week's massive plunge.
Bitcoin was little changed on the day at $40,256 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but below its 200-day moving average. Rival cryptocurrency ether also came under pressure, falling 1% to $2,745.
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