US EditionBitcoin Hits Lowest Level Since 2024 and Stocks Stumble as AI and Geopolitical Nerves Fray
Bitcoin fell nearly 7% to just below $73,000 amid tech sector declines and escalating US-Iran tensions, with gold futures rising 6.8%, data show.
- Monday's trading sent bitcoin down almost 7% to just below $75,000, its lowest since November 2024, as global investors and traders faced a nervous market mood.
- During earnings season, tech weakness emerged when Microsoft reported weaker cloud growth and increased AI spending, sparking a market sell-off, analysts said.
- Markets showed broad weakness as the S&P 500 fell 1.25%, the Nasdaq slumped 2%, the Dow dropped 360 points, and the VIX jumped 19%.
- Amid selling, Walmart stood out when shares rose 2.1%, briefly lifting its market value above $1 trillion, while West Texas Intermediate rose 2.17% to $63.48.
- Looking at the bigger picture, Bitcoin is down roughly 41% since its October peak as markets extended losses after reports the United States shot down an Iranian drone, according to Gerry O'Shea.
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15 Articles
Bitcoin price falls below $73,000, plummets to 15-month low as crypto market selloff continues - Tech Startups
Bitcoin’s slide picked up speed over the last 24 hours, dragging the world’s largest cryptocurrency to a daily low of $73,073, its weakest level in roughly 15 months. The drop capped a bruising week that has erased more than 15% […] The post Bitcoin price falls below $73,000, plummets to 15-month low as crypto market selloff continues first appeared on Tech Startups.
The bitcoin has lost almost 7 percent on Tuesday and has recorded its minimum since November 2024.
Bitcoin Price Crashes Below $73,000, Hitting Lowest Level Since 2024
The market’s leading cryptocurrency, Bitcoin (BTC), slid to its lowest price level seen since November 2024 on Tuesday, falling below the $73,000 threshold. The asset dropped to around $72,900 as growing concerns about a prolonged bear market continued to weigh on investor sentiment. Data from CoinGecko shows that BTC is down roughly 4% over the past 24 hours and about 15% over the last seven days. Yet, the sell‑off has not been limited to Bitco…
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