Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard, June 29, 2021. We don't see any incremental negatives for crypto here," Bernstein analyst Gautam Chhugani wrote in a note. "The bitcoin and crypto market will likely trade off macro and election cues for most of (the third quarter)." Crypto miners CleanSpark, Bitfarms, Riot Platforms and Marathon Digital slumped between 12% and 25% in early trade. Bitcoin tumbled to its lowest in nearly six months while ether plunged 19%, trading at levels not seen since January.

Source: The Express Tribune August 06, 2024 15:53 UTC