Search

Bitcoin and ether prices dive, falling more than 10% - CNBC

ponjotor.blogspot.com
Bitcoin and ether are the two most prominent cryptocurrencies.
Jaap Arriens | NurPhoto | Getty Images

Bitcoin prices dropped sharply in the early morning hours ET Saturday, plunging more than 10% to a low near $43,000.

The world's most prominent cryptocurrency pared losses subsequently, changing hands at around $47,133. Still, bitcoin has dropped more than 16% in the past 24 hours, according to Coindesk.

The price of ether also dived, dropping more than 10% to a low near $3,500. It came back somewhat afterward, trading near $3,870.

Ether, the world's second-largest digital coin by market value, has lost more than 14% over the past 24 hours, according to Coindesk.

Both cryptocurrencies have experienced turbulent trade since the omicron Covid variant emerged, tracking global stock markets. On Nov. 26, bitcoin hit a seven-week low close to $54,000, officially entering bear market territory.

Bitcoin is down more than 20% from an all-time high close to $69,000, which it hit in early November. Bear markets are typically defined as a decline of 20% or more from recent highs.

Adblock test (Why?)



Business - Latest - Google News
December 04, 2021 at 01:33PM
https://ift.tt/31oewel

Bitcoin and ether prices dive, falling more than 10% - CNBC
Business - Latest - Google News
https://ift.tt/2Rx7A4Y


Bagikan Berita Ini

0 Response to "Bitcoin and ether prices dive, falling more than 10% - CNBC"

Post a Comment

Powered by Blogger.