Bitcoin Price Plummets to US$69,000 Amid Five Simultaneous Negative Sentiments
The price of Bitcoin (BTC) dropped over 4% to US$69,000, marking its first dip below this level since mid-August. The decline was attributed to a confluence of five distinct negative factors impacting the market within the same week.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Bitcoin Price Drops Below $70,000 Amid Strong US Dollar
Bitcoin's price has fallen below $70,000, pressured by a strengthening US dollar reaching a 19-month high. Other major cryptocurrencies also declined, with over $1.3 billion in futures positions liquidated. Rising US inflation and interest rate hike expectations are boosting the dollar and increasing pressure on risk assets.
- Bitcoin Plunges Below $70,000, Hitting 3-Month Low Amid US Policy Uncertainty
Bitcoin (BTC) fell below $70,000 on November 13, marking its lowest point in three months. Uncertainty surrounding US monetary policy and selling pressure on risk assets are driving a broader downturn in the cryptocurrency market, with Ethereum and Binance Coin also experiencing significant drops.
- Indonesian Crypto Investors Urged to Understand Bitcoin's Key Influencing Factors
Amid growing interest in crypto assets in Indonesia, Bitcoin prices remain volatile. Novice investors are urged to understand factors like inflation, geopolitics, and ETF fund flows to manage risks effectively.
- MSCI Excludes Major Bitcoin Holders, Including Largest Holder, from Global Indexes
MSCI has decided to remove Strategy, the world's largest Bitcoin holder, and other crypto-related firms from its global stock indexes. This move concludes a debate on including crypto asset companies in indexes and raises concerns about the impact on related stocks.