SINGAPORE:
Bitcoin weakened to its lowest level in more than two weeks as a pullback in demand amid turmoil in the Middle East prompted traders to cut back their positions.
The original cryptocurrency fell as much as 2.9% to US$76,009 on Monday, the lowest since April 30, before paring some losses. It was hovering around US$77,000. Other tokens, including Ether and Solana, also fell.
Bitcoin’s price slumped as cryptocurrencies across the board saw nearly US$500 million in liquidations of bullish bets within 15 minutes during early Asia trading on Monday, according to Coinglass data. More than US$800 million in…
