Bitcoin Falls to Lowest Level Since August Amidst Global Market Turmoil

Bitget App

Trade smarter

Cointime2024/09/04 03:30

By:Cointime

Bitcoin (BTC) experienced a sharp drop to $55,500, its lowest level since August 8, erasing almost all of its gains from the past month. The Institute for Supply Management's manufacturing index for August declined for the fifth consecutive month, remaining below the 50 threshold despite a rebound from July. Following significant losses in US and Asian equity markets that caused some major stocks to plummet by nearly 10%, Bitcoin dropped to its lowest level since early August during Asian morning hours on Wednesday. The CoinDesk 20 (CD20) index, which tracks the largest tokens by market capitalization, fell by almost 6%, with major tokens such as solana (SOL) and ether (ETH) experiencing losses of over 7%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Spanish police have released footage showing the moment kidnappers involved in the abduction of a crypto broker were arrested. The police revealed that they held the trader hostage, demanding a ransom of £25,000 before they released him. The criminals have been remanded in prison after appearing in court for their crimes.

Cryptopolitan•2025/02/09 15:11

WazirX releases creditor list and balances snapshot

Share link:In this post: WazirX has made a creditor list and balance snapshot (as of July 18, 2024). Creditors can verify their claims using a balance snapshot and UUID-based creditor list, ensuring data privacy. Users can request to inspect other creditors’ claims while maintaining privacy protections.

Cryptopolitan•2025/02/09 15:11