Bitcoin Faces Challenges Amid Historic Crypto Selloff and Gold's Rise
TL;DR Summary
Bitcoin has struggled to recover after a week-long selloff that erased hundreds of billions in value, falling from an all-time high of $126,251 to around $109,000, amid broader market turmoil and concerns over credit risks and geopolitical tensions. The cryptocurrency remains vulnerable, with $107,000 seen as a critical support level, and its performance acting as an indicator of overall market stress.
- Bitcoin Struggles to Find Momentum After Historic Wipeout Bloomberg.com
- Bitcoin sinks with safe haven bets 'clearly favoring gold' after crypto washout Yahoo Finance
- Bitcoin, Ethereum, and XRP Drop. Why ‘Uptober’ Isn’t Going to Plan for Crypto. Barron's
- A Historic Crypto Selloff Erased Over $19 Billion, but Two Accounts Made $160 Million The Wall Street Journal
- Bitcoin ‘still qualifies’ for debasement trade as gold towers to fresh record, analysts say dlnews.com
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