BITCOIN ON THIN ICE AFTER SINKING IN FLIGHT FROM RISK
https://media.zenfs.com/en/reuters-finance.com/2b08621b68c198dcf4cbf9de4d69f6ed
āļø Bitcoin dropped to a seven-month low, falling to $80,553, as cryptocurrencies led a broad flight from riskier assets, amid investor worries over lofty tech valuations and uncertainty over near-term US interest rate cuts.
š Bitcoin fell to a seven-month low, closing in on the $80,000 level. š Cryptocurrencies led a broad flight from riskier assets, amid investor worries over lofty tech valuations and uncertainty over near-term US interest rate cuts. š Analysts warn that if bitcoin falls below $80,000, it could trigger heavier losses for the cryptocurrency. š Crypto treasury companies may be forced to sell their holdings to prevent losses, putting further downward pressure on prices.
-- #RaeWee #VidyaRanganathan #TonySycamore #BrentDonnelly #AlexSaunders #Singapore #London #technology
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