Cryptos fall; Bitcoin slides below $63,000
Cryptocurrencies extended their losses on Monday as risk sentiment weakened following fresh US strikes on Iran
Cryptocurrency prices declined on Monday as investors pulled back from riskier assets following fresh US strikes on Iran, which heightened concerns over inflation and interest rates.
Bitcoin, the world's largest cryptocurrency by market value, traded below its 200-week moving average, a technical level that may signal a prolonged bear market.
Markets are awaiting this week's US consumer price index data, as well as testimony from Federal Reserve Chair Kevin Warsh, for further clues on the central bank's monetary policy outlook.
|
Changes in Crypto Prices |
|||
|
Cryptocurrency |
Price (USD) |
Change (USD) |
Change (%) |
|
BTC |
62,790.50 |
-1,403.87 |
-2.18% |
|
ETH |
1,778.83 |
-40.89 |
-2.26% |
|
XRP |
1.0783 |
-0.0203 |
-1.85% |
*Prices as of 10:16 a.m. Makkah time.
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