Bitcoin drops below $35,000 over the weekend, extending Fridays losses - BitcoinEthereumNews.com
BitcoinBitcoin drops below $35,000 over the weekend, extending Fridays losses05 / 08 / 2022Balita ng Ethereum ng Bitcoin Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%. Bitcoin, the worlds largest digital currency by market value, was down more than 3% at $34,582.36 on Sunday, ayon sa data from Coin Metrics. This year, Bitcoin has been trading in a narrow range as it attempts to reclaim its highs of late 2021. The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq plunged by 5%. Those losses marked the worst single-day drops since 2020. The Dow and Nasdaq fell again on Friday. Meanwhile, the Federal Reserve on Wednesday itinaas ang benchmark na rate ng interes nito by half a percentage point as it responds to inflation pressures. The stock market rallied after Fed chair Jerome Powell said a larger rate hike of 75 basis points isn‘t being considered. But by