Bitcoin drops to new two-month low as world markets sell off
newscatcher
2023-08-18 08:32
Bitcoin drops to new two-month low as world markets sell off
A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing Rights LONDON, Aug 18 (Reuters) - Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range, as a wave of risk off sentiment grips world markets. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since June 16 .

https://www.reuters.com/markets/currencies/bitcoin-drops-new-two-month-low-world-markets-sell-off-2023-08-18

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