Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost...

Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost 10%

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Source: Coindesk.com

Cryptocurrencies suffered substantial losses as the U.S. business day came to a close, with bitcoin (BTC) tumbling below $59,000 and Ethereum's ether (ETH) losing almost 10%.

Bitcoin had topped $62,700 earlier in the day, but recently was down 6.5% from 24 hours earlier. Amid the rout, it got as low as $58,240, the lowest price since Aug.

Read More https://www.coindesk.com/markets/2024/08/27/bitcoin-price-falls-below-59k-amid-broad-market-rout-ether-slumps-almost-10/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost 10%" appeared first here Coindesk.com.

Source: Coindesk.com

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