Bitcoin plunges below $55,000, ether under $2,400 amid Jump Crypto moves, US election uncertainty | Headlines | News | CoinMarketCap
08/05/2024 09:21Bitcoin plunged to its lowest level since February, while ether traded down below $2,400 on Sunday night EST amid a broad crypto market selloff, as …
Bitcoin plunged to its lowest level since February, while ether traded down below $2,400 on Sunday night EST amid a broad crypto market selloff, as investors reacted to various news events, including macroeconomic updates, Jump Crypto’s asset movements and the increasing odds of Kamala Harris winning the upcoming U.S. election against pro-crypto Donald Trump.
Bitcoin dropped below $54,000 at one stage tonight before making a modest recovery to trade at $54,698, its lowest level since February, according to The Block’s crypto price page. Ether also fell to its lowest level since February, losing 19.45% to trade at $2,333 at the time of writing.
Among other top 10 crypto tokens by market cap, BNB dipped 12.88% and XRP dropped 13.38%. The entire crypto market is down 10% in the past day, …