Bitcoin hits lows below $80,000
The $80,000 barrier disappears for moments from the bitcoin price. Market pressures are taking a toll on the largest cryptocurrency, which hit over a month lows. Read
The price of bitcoin has dropped to its lowest level in over a month, briefly falling below $80,000 to $79,300, down from nearly $85,000 last week. The cryptocurrency's decline is attributed to market turbulence, particularly in AI-related investments, which has cooled investor optimism. The crypto fear and greed index has been in neutral territory for nearly three weeks, and recent falls have pushed it close to 40 points, the threshold for fear.
Bitcoin exchange-traded funds (ETFs) saw net outflows of $773 million on Thursday and Friday. Since the start of January, bitcoin has fallen by 8%.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
