Aug 06, 2024 04:35 AM

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Bitcoin and Ether See Dramatic Falls as Investors Get Jittery

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Bitcoin traded 14% lower at $51,130 as of 7:08 a.m. in New York, adding to a 13.1% drop last week

Bitcoin traded 14% lower at $51,130 as of 7:08 a.m. in New York, adding to a 13.1% drop last week

(Bloomberg) — Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021.

Top token Bitcoin traded 14% lower at $51,130 as of 7:08 a.m. in New York, adding to a 13.1% drop last week that was the worst since the period when the FTX exchange imploded.

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