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Bitcoin dipped by almost seven p.c on Friday, dropping under the USD 27,000 stage as traders, together with Elon Musk’s SpaceX, dumped the cryptocurrency. This transfer got here amid world authorities bond yields reaching their highest level in about 15 years.
In response to studies, SpaceX bought cryptocurrency price USD 373 million. Nonetheless, the corporate has not disclosed the explanation behind the liquidation of its Bitcoin reserves.
Right now, the value of Bitcoin reached as little as USD 25,392.05. As of two:40 pm, the cryptocurrency was at USD 26,551.69, marking a lower of 6.91 p.c.
Though bitcoin isn’t acknowledged as a authorized tender in India, many Indian traders nonetheless have interaction in its buying and selling because it has develop into some of the important digital currencies.
This put up was final modified on August 18, 2023 2:49 pm
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