Bitcoin and Other Cryptos Fall: Economic Concerns Rising
Bitcoin (BTC) price has fallen below $57,000 amid concerns about the U.S. economy. Gains from Wednesday have been reversed, with BTC down more than 2% to $56,700.
- BTC had climbed above $65,000 on Aug. 25 but has been in a downtrend since then.
- Other cryptos, including Ether (ETH), XRP, and TON, also saw similar declines.
- The CoinDesk 20 Index (CD20) rose 0.9%.
Analyst Valentin Fournier said that uncertainty about the U.S. economy has dampened interest in risky assets. đ
Do you think this decline will continue? Share your thoughts in the comments! đŹ
