Bitcoin falls below $61K 🚨

Nearly all top cryptocurrencies are in the red amid bad economic news.

Author

Ryan Ozawa
August 03, 2024

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📝 What you need to know

The crypto market is swimming in red entering the weekend. The price of Bitcoin is $60,603 as of writing, down 12% over the week. Ethereum is down over 10% to $2,927, and Solana down 20% to $145. The trend follows intensified fears of a looming U.S. recession, which also brought the stock market down hard yesterday.

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💬 Quote of the Day

“If this scenario unfolds, Bitcoin prices could revisit the $50,000 level and fall even lower.”

🌐 From Our Hubs

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From Our Partner

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📚 Dive Deeper

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