Bitcoin and Stablecoin Values Plunge Below $25K Amidst Market Turmoil
TL;DR Summary
Cryptocurrency prices, including bitcoin and ether, fell after the Federal Reserve's June meeting, with bitcoin dropping below $25,000 for the first time since March. Altcoins also tumbled, and Tether lost its peg to the US dollar on most exchanges, falling to 99 cents in its biggest drop since November. The slide is attributed to thinner liquidity, weak sentiment, and ongoing regulatory crackdowns. Standard Chartered predicts that bitcoin could fall to $5,000 in 2023.
- Bitcoin drops below $25,000, Tether's stablecoin falls under its dollar peg CNBC
- Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed Rate Hike Pause CoinDesk
- Bitcoin Price Hammered Below $25,000 Amid Fed’s Hawkish Tone, SEC Lawsuits NewsBTC
- Bitcoin dips below $25K for the first time in 3 months Cointelegraph
- XRP, ADA Lead Declines in Major Cryptocurrencies as Bitcoin Drops Below $25K CoinDesk
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