Bitcoin Price Drops Over 5%, Joins Sell-Off in U.S. Stocks

CRYPTOCURRENCY Noticias

Bitcoin Price Drops Over 5%, Joins Sell-Off in U.S. Stocks
CRYPTOCURRENCY,BITCOIN,MARKET Downturn

Bitcoin experienced a significant price drop of over 5% in the last 24 hours, reaching a low of $96,105. This decline coincided with a sell-off in U.S. stocks, driven by positive economic data.

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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Billy Markus, who goes by 'Shibetoshi Nakamoto' on X, has reacted to Bitcoin's recent price drop of over 5%. Markus humorously stated that the Dogecoin's founder's statement that 'bitcoin ate some fast food' might playfully imply that the leading cryptocurrency experienced a quick dip, much like indulging in fast food. 'Rich Dad Poor Dad' Author Kiyosaki: 'Bitcoin Crashing. Great News'.At the time of writing, the overall crypto market capitalization was down 6.28% in the last 24 hours to $3.35 trillion, per CoinMarketCap. Bitcoin was down 5.61% in the last 24 hours to $95,607. Most other major cryptocurrencies slid as well, with Ethereum down 8.3% and Dogecoin off almost 12%. Bitcoin's recent decline is part of a wider downturn on the cryptocurrency market, with over $711 million in liquidations reported across various assets, per CoinGlass data. Bitcoin reached a high of $102,735 on Monday for the first time since Dec. 19, but its return above $100,000 was short-lived. On Tuesday, Bitcoin fell the lowest in more than two weeks, reaching a low of $96,105, joining a sell-off in U.S. stocks as fresh economic data drove Treasury yields surging. A better-than-expected Institute for Supply Management report on U.S. service providers contained a price-paid measure that reached its highest level since early 2023, while other data showed that U.S. job openings surged more than predicted

 

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