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Bitcoin Hits 21-Month Low As Expiring Crypto Bets Threaten More Selling
Key takeaways
- The world’s leading cryptocurrency has lost more than half its value since peaking last fall.
- That extends a 6.6% decline for bitcoin over the last week, with further losses for ethereum (down 9.%), BNB (6%), XRP (10.8%), Solana (6.5%) and the meme coin Dogecoin (12.6%).
- That’s how much bitcoin’s price has declined since hitting a record high of just over $126,000 in October to its intraday low on Thursday.
Topline. A three-day decline sent bitcoin to a 21-month low on Thursday, extending a broader crypto market selloff as roughly $10 billion in bets on the world’s leading cryptocurrency are set to expire, potentially fueling further volatility.
The world’s leading cryptocurrency has lost more than half its value since peaking last fall. Getty Images Key Facts. The price of bitcoin fell to an intraday low of $58,131 on Thursday, its lowest level since September 2024, before paring losses, down just over 2.6% over the last day to around $59,460.
That extends a 6.6% decline for bitcoin over the last week, with further losses for ethereum (down 9.%), BNB (6%), XRP (10.8%), Solana (6.5%) and the meme coin Dogecoin (12.6%).
Article preview — originally published by Forbes. Full story at the source.
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