Bitcoin Suffers Fourth Straight Day of Losses Amid Broader Crypto Sell-off
- WBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOriginal
- 2024-07-12 11:08:041133browse
The digital asset fell as much as 8,1 percent to its lowest level since February, changing hands at around $54.190 at 12:21 p.m
Bitcoin dropped on Monday, extending losses into a fourth session, as signs of waning demand for U.S. crypto exchange-traded funds (ETFs) and government sales of seized tokens weighed on the digital asset.
* Bitcoin fell as much as 8.1% to its lowest since Feb. 23, trading at around $54,190 by 12:21 p.m. ET (1621 GMT).
* Smaller coins clocked steeper losses, with Ether down 10.2%, XRP off 11.3% and Cardan dropping 14.2% in some cases, according to Nezavisne novine.
* Crypto speculators faced a slew of challenges on Monday, including signs of waning demand for U.S. crypto exchange-traded funds and government sales of seized tokens, as well as the impact of political shifts in the United States that were proving difficult to parse.
* Also on Monday, the administrators of failed crypto exchange Mt. Gox began returning promised bitcoins to creditors, in a move that could roil markets. It is unclear how much of the $8 billion in tokens will be sold.
* A wallet linked to Mt. Gox moved $2.7 billion in tokens on Friday, according to Arkham Intelligence.
The above is the detailed content of Bitcoin Suffers Fourth Straight Day of Losses Amid Broader Crypto Sell-off. For more information, please follow other related articles on the PHP Chinese website!