WASHINGTON (dpa-AFX) - Cryptocurrencies plunged more than 7 percent and Bitcoin tumbled to $64.7k in the past 24 hours amidst investor sentiment dampened by recent data from the U.S. that triggered
WASHINGTON - Cryptocurrencies plunged more than 7 percent and Bitcoin tumbled to $64.7k in the past 24 hours amidst investor sentiment dampened by recent data from the U.S. that triggered a downsizing of Fed rate cut bets.
The resumption of outflows from Bitcoin spot ETF products and the Dollar's renewed strength exacerbated the decline in cryptocurrency prices. Overall crypto market capitalization has dropped to $2.48 trillion, from $2.64 trillion a day earlier whereas the 24-hour trading volume jumped almost 48 percent overnight to $125 billion.
Bitcoin has slipped 7.5 percent overnight to trade at $64,627.29, around 12 percent below the all-time high. The 24-hour trading range was between $70,080.98 and $64,700.57.
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