Bitcoin, Ether hit two-month lows as US political shift fuels crypto sell-off
CRYPTOCURRENCIES fell sharply in late Sunday trading, with Bitcoin and Ether hitting their lowest levels in more than two months as investors grew concerned that a Democratic Party-controlled US Congress could tighten regulation of the digital asset ...
Cryptocurrencies experienced a significant sell-off in late Sunday trading, with Bitcoin and Ether reaching their lowest levels in over two months. The cryptocurrency market has been under pressure due to a recent $6 billion heist at Binance, the world's largest cryptocurrency exchange, and the election of vocal critics of digital assets in the recent US midterm elections.
Bitcoin, the largest cryptocurrency by market capitalization, plummeted more than 2% to $73,708, while Ether, the second-largest cryptocurrency, dropped about 5% to $2,223. The decline is attributed to concerns that a Democratic-controlled US Congress could impose tighter regulation on the digital asset sector.
Written by urgent.news from The Vibes's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
