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Bitcoin slumps under $25,000, lowest in 18 months
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Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global markets selloff.
The world's most popular cryptocurrency dived about 10 percent to hit $24,692 in morning London deals, striking a level last seen in December 2020.
World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears.
"The correlation between the equity markets and bitcoin continues to" gain strength, said AvaTrade analyst Naeem Aslam.
Read more on moneycontrol.comAbout this in other media
'Foolish' to deny Bitcoin price can go under $10K — Analysis cointelegraph.com /1 year ago
Short Bitcoin ETF Sees Slow Start in Market Despite Bearish Outlook for Bitcoin cryptonews.com /1 year ago
ProShares to list first short bitcoin ETF on NYSE moneycontrol.com /1 year ago
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