{"id":42694,"date":"2024-06-26T19:41:59","date_gmt":"2024-06-26T19:41:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/bitcoin-dives-below-60000-as-crypto-selloff-intensifies"},"modified":"2024-06-26T20:55:37","modified_gmt":"2024-06-26T20:55:37","slug":"bitcoin-dives-below-60000-as-crypto-selloff-intensifies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/bitcoin-dives-below-60000-as-crypto-selloff-intensifies","title":{"rendered":"Bitcoin dives below $60,000 as crypto selloff intensifies"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Bitcoin’s price on Monday plummeted below $60,000 as the selloff in the cryptocurrency market has intensified.<\/p>\n

The price of Bitcoin dove to as low as $60,657 at 12.06 p.m. EDT, and later hit below that level at 3.25 p.m. EDT in Binance, the world’s largest crypto exchange platform.<\/p>\n

While Bitcoin erased all its gains since the beginning of May, it was trading at $59,306 for a daily loss of 7.5% at 4.26 p.m. EDT.<\/p>\n

Bitcoin, the world’s largest cryptocurrency, last saw its price trading below the $60,000 level on May 3.<\/p>\n

Ethereum, meanwhile, was down 5.6% to $3,284 at the time, while some altcoins saw their prices decline more than 10% for the day.<\/p>\n

The value of the cryptocurrency market stood at $2.2 trillion with a 5.6% daily loss, while Bitcoin’s share, known as dominance, was at 53.1% and Ethereum’s was at 18.4%, according to CoinMarketCap, a digital asset price-tracking website.<\/p>\n

The major selloff in digital assets started last week after the German government sent 6,500 Bitcoin worth $425 million to crypto exchanges on Wednesday, following a seizure of 50,000 BTC in January — the biggest crypto seizure in the country.<\/p>\n

In addition, the defunct crypto exchange Mt. Gox announced earlier Monday it will begin in July to distribute digital assets stolen from its clients in a hacking event in 2014, which added downward pressure on the price of Bitcoin.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Bitcoin’s price on Monday plummeted below $60,000 as the selloff in the cryptocurrency market has intensified. The price of Bitcoin dove to as low as $60,657 at 12.06 p.m. EDT, and later hit below that level at 3.25 p.m. EDT in Binance, the world’s largest crypto exchange platform. While Bitcoin erased all […]<\/p>\n","protected":false},"author":84,"featured_media":42692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[1639,3501,2665,241,3500],"class_list":["post-42694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-bitcoin","tag-crypto-market","tag-cryptocurrencies","tag-mauritius","tag-selloff"],"yoast_head":"\nBitcoin dives below $60,000 as crypto selloff intensifies - Mauritius<\/title>\n<meta name=\"description\" content=\"Bitcoin's price on Monday plummeted below $60,000 as the selloff in the cryptocurrency market has intensified. 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