Bitcoin fell on Sunday, continuing a selloff in the world's largest cryptocurrency by market capitalisation. The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day. Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of Bitcoin and Ether. More recently, however, Bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.

Source: The Hindu August 06, 2024 01:51 UTC