Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency , dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a four-month low. Both tokens have fallen roughly 12% this week, erasing Bitcoin’s year-to-date gains and pulling ether nearly 19% lower for the year. The sell-off comes as volatility spikes across equity markets, particularly high-flying artificial intelligence stocks. Analysts said the retreat signals a broader shift away from speculative assets. “If it’s telling a story about risk sentiment as a whole, then things could star
Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets
The Times of India1 hrs ago
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