US EditionBitcoin drops below $50,000 for the first time since February
- Bitcoin's price has fallen below $50,000 for the first time since February, reaching a low of $48,126.
- Major cryptocurrencies, including Solana, Dogecoin, and Cardano, have dropped over 19%, with the global market cap declining to $1.78 trillion.
- Contributing factors include renewed recession fears in the U.S., rising unemployment, and the Bank of Japan’s interest rate hike affecting global markets.
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The global stock market turmoil is spreading to the cryptocurrency bitcoin, which has plummeted nearly 13 percent.
·Stockholm, Sweden
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Bitcoin plunges from $70,000 to $50,000 in just a week. Here's what happened
A broad weekend selloff continued on Monday morning, causing widespread panic in the crypto market as Bitcoin’s price plummeted from $70,000 to $50,000 in just a week. In the past 24 hours, the leading cryptocurrency has declined by over 15%, and over 26% in the past week.Read more...
·United States
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54% Center
15%
C 54%
R 31%
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