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Scott Martin and David Dietze provide insight on the stock market and economy on 'Making Money.'
Bitcoin Foundation Chairman Brock Pierce says his beliefs on the crypto market haven't changed due to its recent price plunge.
Cryptocurrencies, led by bitcoin, were rebounding Friday morning after a rocky week. Bitcoin snapped a seven-session losing streak after hitting a 16-month low of around $25,400 on Thursday. Bitcoin is off more than 25% month-to-date and down more than 38% year-to-date.
Meanwhile, oil prices were higher, with West Texas Intermediate futures trading at about $107.80 a barrel and Brent crude futures trading at around $109 per barrel.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk wrote.
The average price for a gallon of gasoline in the U.S. rose to a record Friday morning to $4.432, according to the latest numbers from AAA. The price on Thursday was $4.418.
Oil traded higher Friday morning, despite heading for the first weekly loss in three weeks. U.S. West Texas Intermediate crude futures climbed to around $106 per barrel. Brent crude futures were around $108 per barrel. Both benchmark contracts were on track to post declines for the week.
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