Why Is Crypto Going Down? Bitcoin Tests $80,000 as Ethereum, XRP and Dogecoin Sink to August Lows
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Why Is Crypto Going Down? Bitcoin Tests $80,000 as Ethereum, XRP and Dogecoin Sink to August Lows
Crypto prices kept sliding today (Monday), with Bitcoin (BTC) at $79,979 on Binance at 08:22 UTC, about 6% below last Wednesday's high of $84,898. Ether, XRP and Dogecoin fell to their lowest prices since August.The selloff started on Thursday, when worries about how artificial intelligence spending will be funded hit technology stocks. The Nasdaq Composite fell 2.6%, its worst session since June, and Meta Platforms lost about 7%.London's tradin…
Bitcoin fell below $80,000 on Saturday as AI concerns on the stock exchanges spread to the crypto market. At the same time, investors have withdrawn more than $770 million from US bitcoin ETFs in two days, after a week that started with strong inflows. At most, the world's largest cryptocurrency fell 1.4 percent to below $79,300 during Monday's trading in Asia. By afternoon Asian time, the price had recovered slightly to around $80,000, Bloomber…
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