Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since the collapse of FTX in 2022.
Top token Bitcoin traded 9% lower at $53,883 as of 4:51 p.m. in New York, adding to a 13.1% drop last week that was the worst since the period when the FTX exchange imploded. Ether shed over a fifth of its value before paring some of the slide to change hands at $2,419. Most major coins nursed losses.
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Suvashree Ghosh
https://www.bloomberg.com/news/articles/2024-08-04/bitcoin-btc-drops-below-59-000-after-worst-week-since-ftx-collapse
2024-08-04 07:00:00
