Bitcoin Drops to $61,322, Extending Losing Streak to Five Days Amid Middle East Tensions
By
Suvashree Ghosh, Ryan Weeks
Good intentions, undercooked execution. The bake is missing.
Summary
Bitcoin fell for the fifth consecutive day, dropping to $61,322, its lowest level since before the Iran conflict. The decline is driven by the Middle East conflict, liquidations of bullish bets, and a rare sale of tokens by the dominant corporate buyer. Bitcoin is on track for its longest losing streak since August.
Key quotes
· 2 pulledBitcoin is poised for its longest losing streak since August, weighed down by the Middle East conflict, liquidations of bullish bets and this week's rare sale of tokens by the dominant corporate buyer.
The original cryptocurrency fell for the fifth straight day on Thursday, tumbling as low as $61,322 before recouping some losses.
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