International Business: Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated – Gulf Digital News
- Date: 05-Dec-2021
- Source: Gulf Daily News
- Sector:Economy
- Country:Middle East
International Business: Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated – Gulf Digital News
Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.
Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%.
The broad selloff in cryptocurrencies also saw ether , the coin linked to the ethereum blockchain network, plunge more than 10%.
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