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Bitcoin Price Plunges to Two-Month Lows Amid Inflation Concerns and Support Level Break

1 min read
Source: Cointelegraph
Bitcoin Price Plunges to Two-Month Lows Amid Inflation Concerns and Support Level Break
Photo: Cointelegraph
TL;DR Summary

The price of Bitcoin experienced an 8% drop in just 10 minutes, falling to levels not seen since June 20. It briefly dipped below $26,000 before partially recovering. Possible reasons for the drop include reports of SpaceX selling its BTC holdings and China's Evergrande Group filing for bankruptcy. Bitcoin's market cap also fell below $500 billion for the first time since June 16. Despite the dip, Bitcoin is still up 60% since the beginning of 2023.

Topics:business#bitcoin#cryptocurrency#evergrande-group#market-volatility#price-drop
Share this article
  1. Bitcoin price briefly dips below $26K, falling to two-month lows  Cointelegraph
  2. Bitcoin falls to lowest level in nearly two months after Fed minutes dial up inflation concerns  CNBC
  3. Bitcoin falls 7.2% to $26634  Reuters
  4. BTC/USD: Swift Move Lower after Key Support Level Penetrated  DailyForex.com

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