• İstanbul 28 °C
  • Ankara 26 °C

Bitcoin falls to $29K again in weak trading

Bitcoin falls to $29K again in weak trading
Total value of crypto market at $1.25T for daily loss of 2.5%

By Ovunc Kutlu

ANKARA (AA) - Bitcoin fell below $29,000 on Friday as cryptocurrencies continue weak trading.

The world’s biggest crypto by market cap fell to as low as $28,800 at 2 p.m. EDT. It was trading around $29,260 at 5.50 p.m. for a daily loss of 3.4%.

Ethereum, the world’s largest altcoin, was at $1,964 for a daily decline of 2.5%.

The total value of the crypto market stood at $1.25 trillion for a loss of 2.5%.

The crypto market lost almost half of its value during the last six weeks as most of the losses came during the past two weeks after the US Federal Reserve increased interest rates by 50 basis points May 4 and signaled more hikes in June and July.


source: News Feed
This news is a total 29 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim