Bitcoin Plunges, Ether Has Worst Drop Since 2021 as Crypto Sinks

Category: Finance

Cryptocurrencies faced significant declines, with Bitcoin dropping over 11% and Ether experiencing its steepest fall since 2021. The downturn is attributed to a global stock selloff, rising geopolitical tensions, and adjustments to higher interest rates in Japan. Bitcoin's recent performance has been influenced by various factors, including political uncertainty in the US and potential government sales of seized Bitcoin. Despite the downturn, some investors view this as a buying opportunity.

Keywords: Cryptocurrency, Bitcoin, Ether

Source: Yahoo Finance

Update At: 8/5/2024

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