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Cryptocurrency News Articles
Bitcoin price plummets to $53,000, hitting its lowest since Aug. 5
Sep 08, 2024 at 12:11 am
The world's largest cryptocurrency was trading just below that level at 4.52 p.m. EDT for a daily loss of 5.8%.
Bitcoin price fell sharply on Friday, reaching $53,000 and marking its lowest point since Aug. 5.
At 4.52 p.m. EDT, the world's largest cryptocurrency was trading just below that level, incurring a daily loss of 5.8%.
The world's largest altcoin, Ethereum, also saw a decline, falling 8.2% to reach $2,180. Among other altcoins, some experienced price drops of over 8% for the day.
The cryptocurrency market was valued at $1.88 trillion, showing a daily loss of 4.76%. Bitcoin's share, also known as dominance, stood at 55.9%, while Ethereum's was at 14.1%, according to CoinMarketCap.
The steep sell-off in cryptocurrencies occurred as major tech firms in the US saw their stock prices plummet on Friday.
Electric carmaker Tesla shares saw a drop of 8.45%, while chipmaker Nvidia lost 4.1%. Google's parent firm, Alphabet, dove by 4%.
Moreover, Meta Platforms, the parent company of Facebook, WhatsApp and Instagram, fell by 3.2%, while Amazon was off by 3.65%.
The tech-heavy Nasdaq Composite index saw a steep decline of 436 points, or 2.55%, on Friday and recorded a 5.8% drop for the week, marking its worst weekly performance since 2022.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
