Bitcoin Falls Below $60,000 as Global Crypto Market Loses 4% Amid Broad Risk-Off Selloff - Bazaar Times
Global crypto market cap drops 4% to $2. 06T as investors cut exposure to speculative assetsBitcoin fell around 5% on Wednesday, slipping below the $60,000 threshold as selling pressure deepened across. . .
Global crypto market cap drops 4% to $2. 06T as investors cut exposure to speculative assetsBitcoin fell around 5% on Wednesday, slipping below the $60,000 threshold as selling pressure deepened across cryptocurrency markets amid a broader pullback in risk assets. The largest cryptocurrency was trading at $59,460 at 1740GMT, after hovering near $60,000 during the Iran war. Live market data also showed Bitcoin near $59,374, down about 5% on the day, while Ethereum traded around $1,570 after a similar daily decline. The total value of the global cryptocurrency market, including Bitcoin, declined 4% in the last 24 hours to $2. 06 trillion, according to CoinMarketCap data. Bitcoin’s market capitalization dropped 5% in the last 24 hours to $1. 19 trillion, while daily trading volume surged 17. 4% to $35. 5 billion, signaling intensified selling and higher short-term volatility. The latest decline came as investors reduced exposure to speculative assets following renewed pressure on technology and artificial intelligence-linked stocks, while uncertainty about the US Federal Reserve’s policy path continued to weigh on liquidity-sensitive markets. Although the interim US-Iran peace agreement helped ease concerns about energy supplies and inflation risks, crypto assets failed to benefit from the improvement in geopolitical sentiment as investors prioritized cash and lower-risk positions. Bitcoin’s monthly loss widened to 22. 4% as of Wednesday. The cryptocurrency has also erased its year-to-date gains, declining 32% this year. Ethereum, the second-largest cryptocurrency by market value, fell 5. 4% to $1,567, while most major altcoins also traded lower as the selloff spread across the digital asset market. Source: aaRead Next21/01/2024Safranbolu saffron is Turkiye’s first EU-recognized spice11/04/2023IMF unveils Unicoin: A global, legal tender settlement CBDC02/07/2025BIST 100 Opens Higher as Turkish Stocks Extend Gains Amid Stable Currency and Oil Prices30/07/2022Turkiye can increase its exports with the grain corridor