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Bitcoin tumbles below $60,000; top crypto almost 20% off from March high

Bitcoin fell on Sunday, continuing a selloff in the world's largest cryptocurrency

Published - August 05, 2024 10:30 am IST

Reuters
The cryptocurrency is off nearly 20% from its March 2024 high [File]

The cryptocurrency is off nearly 20% from its March 2024 high [File] | Photo Credit: REUTERS

Bitcoin fell on Sunday, continuing a selloff in the world's largest cryptocurrency by market capitalisation. The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.

WazirX crypto exchange halts deposits and withdrawals after $230 million hack; reported incident to Indian regulators

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

More recently, however, Bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.

Published - August 05, 2024 10:30 am IST

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