Cryptocurrencies slide to two-month lows after US midterms
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Cryptocurrencies fell sharply in late Sunday trade as investors worried about tougher US regulations.
- ✓Bitcoin dropped over 2% to $73,708, while ether fell 5% to $2,223.
- ✓Both hit their lowest levels since August.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
SYDNEY, Nov 9 (Reuters) - 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.
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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.
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Reuters
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