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Bitcoin Pullback Deepens as US ETFs Suffer Record Daily Outflow
Fed’s signal of fewer rate cuts sapped largest cryptocurrency
Altcoins such as XRP, Dogecoin and Ether post bigger declines
By Monique Mulima and Sidhartha Shukla
20 December 2024 at 02:58 GMT+5
Updated on 20 December 2024 at 14:00 GMT+5
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A Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.
The price of the original cryptocurrency dropped as low as $95,234 on Friday at 9 a.m. in London after setting an all-time high just above $108,000 earlier in the week. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.
