Bitcoin drops below $35,000 over the weekend, extending Friday’s losses

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• 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.


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