Ethereum

Cryptocurrency

Bitcoin

Percent

Cryptocurrency-related stocks fell sharply today as rising geopolitical tensions and concerns about the global economy triggered a significant decline in Bitcoin (BTC) and Ethereum (ETH) prices.
<h2 id="crypto-stocks-also-fall-as-bitcoin-and-ethereum-fall-amid-global-tensions">Crypto Stocks Also Fall as Bitcoin and Ethereum Fall Amid Global Tensions</h2>
Coinbase (COIN), a major cryptocurrency exchange, saw its shares fall more than 9% in premarket trading in the US.
MicroStrategy, a software company known for its significant Bitcoin assets, experienced a 13% decline. CoinShares, a Sweden-based crypto asset manager, fell 7.5%.
The decline in cryptocurrency prices comes after disappointing US economic data. The Labor Department reported employment figures that fell short of expectations and a higher-than-expected unemployment rate.
Related News: <a href="https://en.bitcoinsistemi.com/the-sharp-fall-in-bitcoin-brought-along-with-rumors-was-trons-founder-justin-sun-liquidated-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">The Sharp Fall in Bitcoin Brought Along with Rumors! Was Tron's Founder Justin Sun Liquidated? Here are the Details</a>
In addition, geopolitical instability in the Middle East has further increased market concerns. Following the killing of Hamas political leader Ismail Haniye in Tehran last week, Iran's threat of retaliation against Israel escalated the tension.
On Monday, bitcoin, the largest cryptocurrency by market cap, fell as much as 15% and fell below $50,000 for the first time since February before partially recovering to around $52,000.
Ethereum, the second largest cryptocurrency, fell for the seventh consecutive day, recording its steepest decline since May 2021.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/coinbase-coin-shares-drop-more-than-9-percent-in-pre-market-trading/" rel="noopener noreferrer nofollow">Coinbase (COIN) Shares Drop More Than 9 Percent in Pre-Market Trading</a>

Coinbase (COIN) Shares Drop More Than 9 Percent in Pre-Market Trading

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 5, 2024

Trump Loves Bitcoin (TRUMPBTC) Solana Memecoin Will Explode 15,000% Before Exchange Listings, Whi...

There is a Big Drop in Bitcoin (BTC) and Altcoins! This Rumor Might Have Triggered the Drop!

RippleX Schedules XRPL Testnet Reset to Boost These Features

US Stocks Trim Black Monday's Drops As Services Gauge Expands, Bond Gains Stall As Traders Reasse...

Looking Back at Pi Network’s ‘Pi2Day Challenge’

Tron Founder Justin Sun Dismisses Liquidation Rumors As Crypto Markets Plunge

Join our free newsletter for daily crypto updates!