Bitcoin falls to lowest since January, in line with tumbling stock markets

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951. A fall below that level would be it lowest since July last year. It then steadied to trade around $33,500, down 1.4%. “I think everything within crypto is still classed as a risk asset, and similar to what we’ve seen with the Nasdaq, most crypto currencies are getting p…

Read More

Leave a Reply