Bitcoin and Ethereum plunged following wide swings in the commodities market.
The decline came amid thin liquidity and limited buying interest, deepening a drawdown that has erased more than 30% from the world's largest cryptocurrency.
Bitcoin fell more than 7% on Saturday.
Jan 31 (Reuters) - Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 p.m.
The decentralized nature of bitcoin may prove appealing in a world of declining U.S. dollar dominance and a changing global trade order.
Jan 31 (Reuters) - Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 p.m.
The strongest bulls take the time to learn the opposite point of view.
The main impact of the price decline is slowing Strategy's ability to buy more bitcoin without diluting shareholders, as its ...
The firm said recent currency moves are accelerating the split. According to Yardeni Research, “a weaker dollar is bad for bitcoin because it depresses bitcoin’s value in other currencies,” which can ...
Bitcoin sank to its lowest levels since April as profit-taking by early holders collided with thinning liquidity and a sharp drop-off in fresh capital.
Bitcoin has failed to respond to geopolitical stress, dollar weakness, or risk rallies. Even during gold and silver’s violent swings, crypto saw no rotation.
If you're one of the many people who rolled your eyes when Bitcoin was first announced, chances are you've kicked yourself a few times over the years. Allow us to make that worse, when you realise ...
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