negative
Bitcoin hits seven-month low near $86,000 as macro uncertainty intensifies selling pressure
Bitcoin declined sharply to $86,000 on November 21, reaching its lowest level since April as demand weakness and macroeconomic uncertainty weighed on sentiment. Prices dropped 7.18% to $85,966.75 by 11:30 am, with market capitalisation falling to $1.71 trillion and 24-hour trading volume reaching $94 billion. Bloomberg noted that Bitcoin has struggled to attract new buyers after losing recent upward momentum.
Ether also mirrored the downturn, declining 7.92% to $2,797.50 as broader market pressure extended across major tokens following U.S. jobs data indicating higher-than-expected unemployment.
Tags:
- crypto
- Bitcoin
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negative
Bitcoin hits seven-month low near $86,000 as macro uncertainty intensifies selling pressure
Bitcoin declined sharply to $86,000 on November 21, reaching its lowest level since April as demand weakness and macroeconomic uncertainty weighed on sentiment. Prices dropped 7.18% to $85,966.75 by 11:30 am, with market capitalisation falling to $1.71 trillion and 24-hour trading volume reaching $94 billion. Bloomberg noted that Bitcoin has struggled to attract new buyers after losing recent upward momentum.
Ether also mirrored the downturn, declining 7.92% to $2,797.50 as broader market pressure extended across major tokens following U.S. jobs data indicating higher-than-expected unemployment.
Tags:
- crypto
- Bitcoin
Explore:Mutual Fund Categories
Breaking
negative
Bitcoin hits seven-month low near $86,000 as macro uncertainty intensifies selling pressure
1 min read
83 words
Bitcoin dropped to $86,000, its lowest since April, with weak demand and macro uncertainty driving losses across major cryptocurrencies including Ether.
Bitcoin declined sharply to $86,000 on November 21, reaching its lowest level since April as demand weakness and macroeconomic uncertainty weighed on sentiment. Prices dropped 7.18% to $85,966.75 by 11:30 am, with market capitalisation falling to $1.71 trillion and 24-hour trading volume reaching $94 billion. Bloomberg noted that Bitcoin has struggled to attract new buyers after losing recent upward momentum.
Ether also mirrored the downturn, declining 7.92% to $2,797.50 as broader market pressure extended across major tokens following U.S. jobs data indicating higher-than-expected unemployment.
Bitcoin declined sharply to $86,000 on November 21, reaching its lowest level since April as demand weakness and macroeconomic uncertainty weighed on sentiment. Prices dropped 7.18% to $85,966.75 by 11:30 am, with market capitalisation falling to $1.71 trillion and 24-hour trading volume reaching $94 billion. Bloomberg noted that Bitcoin has struggled to attract new buyers after losing recent upward momentum.
Ether also mirrored the downturn, declining 7.92% to $2,797.50 as broader market pressure extended across major tokens following U.S. jobs data indicating higher-than-expected unemployment.
Tags:
- crypto
- Bitcoin
- crypto
- Bitcoin
- Ether
- market decline
- digital assets