Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Bitcoin (BTC), the leading cryptocurrency by market value, has dropped by 13% since reaching a high of $25,000 on Aug. 15, CoinDesk data shows. Wall Street’s tech index Nasdaq has lost nearly 6% since Aug. 15, while the dollar index, which gauges the greenback’s exchange rate against major fiat currencies, has jumped 2.5%. The U.S. 10-year bond yield has increased by nearly 30 basis points.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*