Bitcoin Plummets 24% in 46 Days as Crypto Falls on Rising Inflation
Slashdot reports that Bitcoin fell from $84,680 on October 3 to $64,108, a 24.2% drop over 46 days. Citing Fortune, it says the asset fell more than 4% on Friday to $68,500, erasing three months of gains and raising doubt about whether its bear market had ended. The piece also cites CryptoQuant, saying its demand indicator hit its weakest reading since December 2023 and that Bitcoin exchange-traded funds have again become net sellers.
Based on Slashdot's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
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Bitcoin Plummets 24% in 46 Days as Crypto Falls on Rising Inflation
October 3: $84,680 Today: $64,108 Bitcoin dropped 24.2% in 46 days. And it "fell more than 4% on Friday to $68,500," reports Fortune, "wiping out gains built over the past three months and casting doubt on whether its bear market was ever really over." The asset also faces weaker investor appetite, according to crypto analytics provider CryptoQuant. The firm's demand indicator recorded its weakest reading since December 2023, while Bitcoin exchange-traded funds became net sellers again. The rece
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