Cryptocurrencies slide to two-month lows after US midterms
- Bitcoin , the oldest and largest cryptocurrency by market capitalisation, fell by more than 2% to $73,708, the lowest price since August
Cryptocurrencies like Bitcoin and Ether hit two-month lows due to fears of tougher US regulation under a Democratic Congress, a major Binance heist, and the election of crypto critics.
- Potential impact of US Congress on crypto regulation.
- Details of the $6 billion Binance heist.
- US midterm elections' influence on crypto market sentiment.
SYDNEY: Cryptocurrencies fell sharply in late Sunday trade, with bitcoin and ether touching their lowest levels for more than two months, as investors fretted a Democratic Party-controlled US Congress will toughen regulation on the asset class.
Bitcoin , the oldest and largest cryptocurrency by market capitalisation, fell by more than 2% to $73,708, the lowest price since August. Ether fell about 5% to $2,223, also the lowest since August.
Binance says customers pulled net $4.7 billion after hack as crypto world weighs risk
Crypto markets have been shaken in recent sessions by a $6 billion heist at Binance, the world’s biggest exchange, and the election to office of high-profile critics in last week’s US midterms.
Comments