Published 08/05/2024 8:21:00 a.m.

Bitcoin 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 Independent

Bitcoin price in free fall as crypto market crashes

Hundreds of billions wiped from cryptocurrency market as Ethereum, Solana and Cardano all suffer

08/05/2024 11:58:23 a.m.·London, United Kingdom

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Reuters

Crypto sell-off deepens as weak economic data dampens risk-taking

U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets.

08/05/2024 8:21:00 a.m.·United Kingdom

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CNBC

Bitcoin drops below $50,000 for the first time since February

Cryptocurrencies tumbled over the weekend amid the global market sell-off.

08/05/2024 9:53:49 a.m.·United States

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Benzinga

Bitcoin Falls Below $53K Mark As Global Financial Markets Continue To Bleed — Peter Schiff Warns Ominously: 'You Guys Are Whistling Past A Crypto Graveyard' - Tesla (NASDAQ:TSLA)

Renowned economist Peter Schiff has issued a stern warning to Bitcoin (CRYPTO: BTC) HODLers, suggesting they are in denial about the impending crisis in the cryptocurrency market. What Happened: On Sunday, Schiff took to X to express his concerns about the state of the market. “Based on the comments on my posts, Bitcoin HODLers are in denial. You guys are whistling past a crypto graveyard. Don’t say I didn’t warn you,” he wrote. Based on the c…

08/05/2024 1:39:34 a.m.·New York, United States

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