in ,

Bitcoin Briefly Drops Below $60,000 as Strong Dollar Weighs on Crypto

bitcoin-briefly-drops-below-$60,000-as-strong-dollar-weighs-on-crypto

Cryptocurrencies slid in overnight trading, with some of the most popular digital tokens losing more than 10% from recent highs. Some investors pointed to the stronger dollar as a catalyst for the fall.

Bitcoin briefly fell below $59,000 on Tuesday, tumbling to its lowest price this month, before edging up to trade around $60,550. The selloff began Monday and extended into a second day, with the digital asset down more than 5% since Monday at 5 p.m. ET. Ether slid for a fifth consecutive day, also declining another 7% to around $4,260. It is down more than 10% from its latest record.

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
broad-commodities-etfs

Broad Commodities ETFs

does-reverse-psychology-really-work?-(nsq-ep.-74)

Does Reverse Psychology Really Work? (NSQ Ep. 74)