Today news
About the same in other media
Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated
Reading now: 852
business-standard.comBitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.
Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%.
The broad selloff in cryptocurrencies also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%.
Based on cryptocurrency data platform Coingecko, the market capitalisation of the 11,392 coins it tracks dropped nearly 15% to $2.34 trillion. That value had briefly crossed $3 trillion last month, when bitcoin hit a record $69,000.
The plunge follows a volatile week for financial markets. Global
Read more on business-standard.comAbout this in other media
Cryptocurrency prices today: Bitcoin, ether, dogecoin, other cryptos plunge. Check latest rates livemint.com /2 years ago
Bitcoin falls further after weekend rout wipes more than $400 billion from crypto markets markets.businessinsider.com /2 years ago
Bitcoin falls by 22% $1 billion in cryptocurrencies liquidated markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.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.
