The Independent on MSN
Bitcoin price in freefall, weeks after hitting all-time high
Bitcoin price in freefall, weeks after hitting all-time high - More than $1 trillion has been wiped from the crypto market.
Bitcoin price has fallen nearly 30% from its early October peak near $126,000, trading in the $92,000–$95,000 range as investors weigh Fed uncertainty and missing economic data.
Bitcoin prices were below $94,000 on Monday, while questions mount about whether the market has already hit its cycle high.
Crypto markets extended their retreat today as the Bitcoin price hovered near a seven-month low at $88,890 — down 4% on the day and trading near the bottom of its weekly range.
Bitcoin has erased its Tuesday bounce and resumed its slide, as one analyst eyes $84,000–$86,000 as potential local bottom.
Anand is a Senior Reporter at TheStreet Crypto, covering the latest trends shaping the crypto economy. He has a keen interest ...
The value of bitcoin has fallen sharply since reaching record heights last month, briefly falling below $90,000 on Tuesday ...
Bitcoin's price has dropped by thousands since last month, a reminder that the most popular cryptocurrency's value is highly unpredictable and very volatile.
Bitcoin sinks to a seven-month low as $115M longs liquidate and fading rate-cut odds spark fears of a deeper drop.
Legit on MSN
Why investors turning away from bitcoin?
The value of bitcoin has fallen sharply since reaching record heights last month, briefly falling below $90,000 on Tuesday ...
BlackRock's spot bitcoin ETF, IBIT, has seen a record net outflow of $1.26 billion this month. The cost of put options, used ...
Bitcoin (down 12.4%) has led a broader decline for crypto prices over the last seven days: Ethereum prices have dropped 18%, XRP fell 16.9%, BNB is down 19.2%, Solana has fallen 22.5% and the meme ...
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