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Bitcoin, ether sink to multi-month lows as recession worries take hold

INVESTING
August 5, 2024
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(Reuters) -Bitcoin fell on Sunday, continuing a selloff in the world’s largest cryptocurrency.

The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.

Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of bitcoin and ether.

More recently, however, bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
102 views

Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
121 views

Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…