TOKYO: Bitcoin slumped below US$30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.
Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly US$69,000. They have been offloading bitcoin and other digital tokens along with other volatile assets like tech stocks as the"Bitcoin is breaking below some key technical levels as the never-ending selloff on Wall Street continues," said Edward Moya, senior market analyst for the Americas at Oanda.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin falls to lowest since January, in line with tumbling stock marketsHONG KONG : Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Bitcoin, crypto market dive to lowest mark since FebruaryAlmost US$250 billion has been wiped from the cryptocurrency market since Thursday, with Bitcoin tumbling below US$35,000 on Monday for the first time since February. See related article: Bitcoin falls with Nasdaq’s worst performance since 2020 Fast facts Fellow market leader Ethereum was trading at US$2,532 at press time. Terra LUNA was among the biggest […]
Source: YahooSG - 🏆 3. / 71 Read more »
Asian stocks tumble on global anxieties over inflationAsian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report.
Source: YahooSG - 🏆 3. / 71 Read more »
China's sea levels touched new high in 2021, government study showsSHANGHAI: China\u0027s sea levels reached their highest on record last year, swelled by rising water temperatures and the melting of glaciers and polar icecaps, the government said in a report. Coastal sea levels were 84mm (3.3 inches) higher in 2021 than the average over the period from 1993 to 2011, the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's sea levels touched new high in 2021, govt study showsSHANGHAI — China's sea levels reached their highest on record last year, swelled by rising water temperatures and the melting of glaciers and polar icecaps, the government said in a report on Saturday (May 7).
Source: TODAYonline - 🏆 1. / 99 Read more »