Bitcoin and Ethereum sink to 3-month lows, but a bigger crypto selloff may be ahead
Bitcoin and Ethereum fell to three-month lows Thursday, deepening a cryptocurrency selloff that has erased $550 billion in market value since October. Bitcoin slumped to $71,317, its lowest level since August, while Ethereum briefly fell below $2,000 to touch $1,983. The declines have pushed the broader crypto market's valuation from approximately $2.94 trillion in early… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin and Ethereum fell to three-month lows Thursday, deepening a cryptocurrency selloff that has erased $550 billion in market value since October.
- Bitcoin slumped to $71,317, its lowest level since August, while Ethereum briefly fell below $2,000 to touch $1,983.
- The declines have pushed the broader crypto market's valuation from approximately $2.94 trillion in early… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Fold’s Bitcoin Gift Cards Gain Traction as Q3 Revenue Reaches $4.2M
Fold says TikTok Shop helped expand its Bitcoin gift-card business as it shifts toward retaining customer balances. Its latest quarter still produced a net loss.
Who Is Colette Kress, Jensen Huang’s Successor as Nvidia CEO?
Nvidia’s longtime finance chief inherits its first leadership transition in 33 years, bringing decades of technology experience and Wall Street credibility to a company facing a very public leadership test.
KPMG Counts Every Gold Bar as Tether’s XAUT Clears $2.24 Billion Audit
Tether announced Thursday, Nov. 12, that KPMG U.S. completed an independent financial audit of XAUT issuer TG Commodities, delivering an unqualified opinion on its 2025 financial statements after verifying more than $2.24 billion in physical gold reserves.…