Bitcoin plummets, worth half what it was four months ago
By Gertrude Chavez-Dreyfuss, Rae Wee and Amanda Cooper, Reuters
The world’s largest cryptocurrency fell to a low of US$63,295.74 (NZ$106,339), its weakest level since October 2024.
Photo: CFOTO / NurPhoto via AFP
- Bitcoin slides to lowest since October 2024
- Bitcoin liquidations top US$1 billion in last 24 hours
- Bitcoin down 28 percent so far this year
- Crypto market has lost US$2t since October peak
- Rout may be triggered partly by Warsh selection
Bitcoin plunged on Thursday (US time), its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares.
The world’s largest cryptocurrency fell to a low of US$63,295.74 (NZ$106,339), its weakest level…
