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Bitcoin slumps under $25,000, lowest in 18 months
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moneycontrol.comBitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global markets selloff.
The world's most popular cryptocurrency dived about 10 percent to hit $24,692 in morning London deals, striking a level last seen in December 2020.
World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears.
"The correlation between the equity markets and bitcoin continues to" gain strength, said AvaTrade analyst Naeem Aslam.
Read more on moneycontrol.comAbout this in other media
Bitcoin price dips under $21K while exchanges see record outflow trend cointelegraph.com /2 years ago
Bitcoin miner 'capitulation event' may have already happened — research cointelegraph.com /2 years ago
Crypto Price Today: Bitcoin, Solana flat; Shiba Inu climbs 3% economictimes.indiatimes.com /2 years ago
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