Bitcoin drops below $35,000 over the weekend, extending Friday’s losses - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: Bitcoin drops below $35,000 over the weekend, extending Friday’s losses (/thread-5605.html)

Bitcoin drops below $35,000 over the weekend, extending Friday’s losses - superadmin - 05-09-2022 Bitcoin continued to drop this weekend after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by rouency by market value, was down more than 3% at $34,582.36 on Sunday, according to data from Coin Metrics. This year, Bitcoin has been trading in a narrow range asghly 10%. The world’s largest digital currency by market value declined to $34,661.02 on Sunday, according to Coin Metrics. The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq fell 5%, losses that marked the worst single-day drops since 2020. Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%. Bitcoin, the world’s largest digital curr it attempts to reclaim its highs of late 2021. The cryptocurrency is now down 50% from its peak price of $67,802.30 in November 2021. The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq plunged by 5%. Those losses marked the worst single-day drops since 2020. The Dow and Nasdaq fell again on Friday. - More -