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Bitcoin Falls as Investors Retreat to Haven Assets Amid Conflict
Bitcoin fell by the most in almost a month as riskier assets slumped while the conflict in the Middle East escalated, undercutting the argument that digital assets are a refuge. The largest cryptocurrency fell as much as 5.7% to $60,168 on Tuesday, the biggest one-day decline since Sept. 6. Other altcoins fell further, with Ether dropping more than 6%, Dogecoin tumbling 8% and Avalanche slipping in excess of 7%. Cryptocurrencies slumped alongside equities as investors retreated to safer corners of the market. Haven assets were bid up with bonds, oil, gold and the US dollar all advancing after Iran fired a barrage of ... (full story)
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- Posted: Oct 1, 2024 9:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 83
