Noelle Acheson Bitcoin Singapore city Singapore Ethereum cryptocurrency Noelle Acheson Bitcoin Singapore city Singapore

Bitcoin, Ether bounce off lows after record-breaking rout

Reading now: 472
moneycontrol.com

Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.The largest digital token by market value tumbled as much as 15% to $17,599 on Saturday, marking a record-breaking 12th consecutive daily decline according to Bloomberg data.

It’s still only the biggest drop since Monday. The currency recovered some of those losses and was trading at $19,075 as of 8:30am in Singapore Sunday.Ether fell as much as 19 percent to $881, the lowest since January 2021, before climbing 11 percent to $1,005 on Sunday morning in Singapore.

Read more on moneycontrol.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA