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William Lindsey :toad:
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 22 hours ago

"Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares.

The world's largest cryptocurrency fell to a low of $63,295.74, its weakest level since October 2024, a month before Republican Donald Trump won the U.S. presidential election," (continued in /2)

~ Gertrude Chavez-Dreyfuss, Rae Wee and Amanda Cooper

#crypto #bitcoin #Trump #economy #market
/1

https://www.reuters.com/business/bitcoin-slumps-with-key-70000-level-sight-2026-02-05/

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William Lindsey :toad:
William Lindsey :toad:
@wdlindsy@toad.social replied  ·  activity timestamp 22 hours ago

(continued from /1)

"having signaled his intention to support crypto on the campaign trail. It was last down 12.6% at $63,525, on track for its largest one-day fall since November 2022.

Roughly $1 billion in bitcoin positions have been liquidated in the past 24 hours, according to data from CoinGlass."

#crypto #bitcoin #Trump #economy #market
/2

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