Bitcoin

2024 - 8 - 5

Bitcoin Takes a Dive: Is it Time to Panic or Party?

BTC -- Bitcoin price Bitcoin - Coinbase - Crypto Fear and Greed Index - Cryptocurrency - Digital Assets - Ether - Market Volatility - MicroStrategy - U.S. recession - BTC - Bitcoin price

Bitcoin and Ether just hit multi-month lows! But don't worry, they might just be on a wild rollercoaster ride!

Bitcoin and Ether, the leading cryptocurrencies in the market, have plunged to multi-month lows, raising alarm bells among investors and enthusiasts alike. This dramatic drop can be attributed to rising concerns over a potential recession in the United States, following the release of less-than-stellar economic data. As fears sprout about the possibility of tough economic times ahead, investors are bolting towards safer, more stable assets, leaving Bitcoin and Ether gasping for breath in the volatile crypto waters.

On a particularly rough Monday, Bitcoin marked a staggering fall of around 13%, while Ether took an even sharper hit of approximately 17%. The crypto fear and greed index—a popular gauge of market sentiment—slipped into the category of "fear" for the first time in a month, coinciding with Bitcoin's price plummeting below the $50,000 threshold for the first time since February. Both cryptocurrencies had been riding a high wave earlier in the year, largely fueled by speculation and excitement around new financial products, including an SEC-approved exchange-traded fund intended to track Bitcoin’s spot price.

However, the enthusiasm combined with rising geopolitical worries has made the markets increasingly jittery. As a result, names like Coinbase and MicroStrategy were particularly hard hit during pre-market trading. In fact, in just one weekend, the sell-off wiped out a staggering $367 billion from the crypto markets—a shocking figure that shows just how quickly fortunes can turn in the ever-volatile world of cryptocurrencies. Investors are left to wonder whether this is a hiccup in the ongoing crypto journey or the start of a more prolonged downturn.

Yet, amidst these tumultuous times, it’s crucial to remember the resilience of cryptocurrencies. While the current scenario may appear grim, Bitcoin and Ether are not new to ups and downs. Back in 2021, Ether experienced its worst single-day plunge but managed to recover and even reach new heights. As seasoned investors say, sometimes, a dip is just a setup for a comeback. So, while you might be clenching your wallet tightly now, keep an ear out; the crypto world is known for its fierce comebacks and surprises!

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Image courtesy of "Reuters"

Bitcoin, ether hit multi-month lows as recession worries take hold (Reuters)

Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and ...

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Image courtesy of "Coindesk"

Bitcoin Dips Below $50K as Investors Flee Risk Assets (Coindesk)

Ether posted its steepest single-day plunge since May 2021. The crypto fear and greed index flashed "fear" and fell to its lowest level in a month. The CoinDesk ...

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Image courtesy of "CNBC"

Bitcoin drops below $50000 for the first time since February (CNBC)

Crypto stocks Coinbase and MicroStrategy were among the hardest hit in premarket trading. Ether erased its year-to-date gain. In this article.

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Image courtesy of "Fortune"

Bitcoin price plunges and ether has worst drop since 2021 (Fortune)

Bitcoin price plunges and ether has worst drop since 2021 ... Bitcoin price chart showing a decline in the price of BTC on August 5, 2024. Bitcoin dipped briefly ...

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Image courtesy of "The National"

Why Bitcoin and Ether are in retreat (The National)

Investors shun risk assets as markets fear a US recession on the horizon and rising geopolitical worries.

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Image courtesy of "Investopedia"

Watch These Key Bitcoin Price Levels as Investors Abandon Risk ... (Investopedia)

Bitcoin selling continued over the weekend and into Monday's Asian session, after the cryptocurrency plummeted nearly 15% last week as investors abandoned ...

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Image courtesy of "BusinessWorld Online"

Bitcoin, ether sink to multi-month lows as recession worries take ... (BusinessWorld Online)

Crypto markets have gotten a boost this year after the US Securities and Exchange Commission approved an exchange-traded fund to track the spot price of bitcoin ...

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Image courtesy of "CNBC"

Crypto selloff wipes out $367 billion in value as bitcoin, ether plunge (CNBC)

Bitcoin and ethereum suffered steep drops on Sunday as investors sold out of risky assets.

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Image courtesy of "Economic Times"

bitcoin: Bitcoin, ether hit multi-month lows as recession worries take ... (Economic Times)

Bitcoin and ether hit multi-month lows on Monday as fears of a U.S. recession led investors to seek safer assets. Bitcoin fell 13%, and ether dropped 17%, ...

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Image courtesy of "Livemint"

Bitcoin slumps 10% to trade at $54333, heaviest weekly loss since ... (Livemint)

The cryptocurrency has shed 13.1 per cent over the past seven days — its worst week since the FTX collapse in 2022. Livemint. Updated5 Aug 2024, 01:49 PM IST.

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Image courtesy of "Deccan Herald"

Bitcoin plunges, Ether has worst drop since 2021 as crypto sinks (Deccan Herald)

By Suvashree Ghosh and Ryan Weeks. ADVERTISEMENT. Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending ...

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Image courtesy of "Forbes"

$500 Billion 'Panic Rush For Liquidity'—Price Of Bitcoin, Ethereump ... (Forbes)

The price of Bitcoin fell 24%, hitting $53000, while Ethereum's price dropped by almost a third to $2340 over the past week as investors fly to safety.

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Image courtesy of "Coindesk"

Crypto Stocks Slump as Bitcoin, Ether Tumble (Coindesk)

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

Bitcoin and Other Cryptocurrencies Plunge, Mirroring Global Markets (The New York Times)

The precipitous falls show that digital currencies remain vulnerable to the same broader economic forces that affect technology stocks and risky ...

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Image courtesy of "Yahoo Finance"

Bitcoin is having its worst week since the fall of FTX (Yahoo Finance)

Bitcoin is having its worst week since the 2022 collapse of Sam Bankman Fried's FTX cryptocurrency exchange amid a larger correction across all markets.

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Image courtesy of "Investor's Business Daily"

Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets ... (Investor's Business Daily)

Cryptocurrency prices tumbled early Monday amid the global stock market sell-off as investors fled risk assets. The price of bitcoin swept to its lowest ...

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Image courtesy of "Quartz"

Bitcoin plunges from $70000 to $50000 in just a week. Here's what ... (Quartz)

Ether dropped 22% in a single day, as spot Ether ETFs are witnessing substantial outflows.

Bitcoin, ether sink to multi-month lows (The Manila Times)

BITCOIN and ether tumbled on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and ...

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Image courtesy of "Fortune"

Crypto suffers worst crash since 2022 as Bitcoin struggles to hold ... (Fortune)

Crypto prices are crashing amid a broader selloff. Fortune. Crypto prices are in free fall at a level not seen since 2022, when the collapse of major ...

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Image courtesy of "Slate Magazine"

Bitcoin Became Something Its Biggest Boosters Never Imagined (Slate Magazine)

What happened to the currency of tomorrow? By Alex Kirshner. Aug 05, 20244:21 PM.

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Image courtesy of "Business Today"

Bitcoin rebounds to $56000 amidst market volatility, indicates ... (Business Today)

Bitcoin has recovered to $56000, showing signs of market resilience and investor confidence after a significant drop. Experts suggest that this rebound ...

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