Bitcoin and other tokens plunge as worldwide capital market jitters spill over to cryptocurrencies

//Bitcoin and other tokens plunge as worldwide capital market jitters spill over to cryptocurrencies

Bitcoin and other tokens plunge as worldwide capital market jitters spill over to cryptocurrencies

Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.The largest digital token fell to as low as US$42,296 before paring some of the tumble. It was trading at about US$47,600 as of 1:50pm in Singapore on Saturday, a drop of about 11 per cent.Ether, the second-largest token, fell by as much as 17.4 per cent before trimming the retreat to about 10 per cent. The overall cryptocurrency sector has shed around a…

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By | 2021-12-04T08:01:44+00:00 December 4th, 2021|Business|Comments Off on Bitcoin and other tokens plunge as worldwide capital market jitters spill over to cryptocurrencies