Bitcoin heads for its worst week since May after sliding to $26,000
Publishing timestamp: 2023-08-18 09:38:36
Summary
Cryptocurrency prices, including Bitcoin, remained under pressure at the end of the week. Bitcoin experienced a significant drop following reports that SpaceX sold off its Bitcoin holdings. The market was also affected by thin summer liquidity and panic selling, leading to cascading liquidations. Bitcoin has been stagnant in the third quarter and is down for the month and the quarter, but still up for the year.
Sentiment: NEGATIVE
Tickers: XRP.CM=, SOL.CM=, BTC.CM=, ADA.CM=, ETH.CM=, BNB.CM=,
Keywords: business news, breaking news: investing, technology, markets, investment strategy, cryptocurrency, breaking news: markets,