Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains

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Block's bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains, despite raising its 2026 gross profit forecast to $12.51 billion, a 7.8% increase from the previous estimate, and posting record adjusted operating income, which is expected to bolster the company's financial performance and reassure investors about its long-term growth prospects in the digital payments…