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Markets Bitcoin plummets significantly - price last at 53,000 dollars

SDA

5.8.2024 - 07:44

Bitcoin has come under pressure in the wake of the poor mood on the markets. (archive picture)
Bitcoin has come under pressure in the wake of the poor mood on the markets. (archive picture)
Keystone

Bitcoin is losing ground due to the increasing risk aversion on the financial markets.

Keystone-SDA

05.08.2024, 07:44

The price of the oldest and best-known cryptocurrency plummeted to 53,000 dollars in early trading on Monday. That is around 8,500 dollars or almost 14 percent less than late Friday evening.

Bitcoin had already fallen sharply last week. With the drop on Monday, the Bitcoin price also fell back to the level seen at the end of February, after climbing to a record high of almost 74,000 dollars in mid-March.

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