Reported 12 days ago
Bitcoin has continued its decline, dropping to its lowest level since June, after the cryptocurrency market lost over $600 billion in value in just a week. Once viewed as a safe haven asset, Bitcoin's recent performance contrasts sharply with the success of traditional investments like gold. The Binance-linked token BNB also faced significant losses as the exchange dealt with user compensation following a wave of liquidations. Analysts suggest that worsening US-China trade tensions and a focus on regulated finance are adding to market volatility, with crypto showing signs of strain amid broader economic concerns.
Source: YAHOO