Bitcoin (BTC) fell to $55,500 this morning, its lowest level since August 8, after some major indices fell sharply on US and Asian stock exchanges, losing up to 10% in value, CoinDesk reported.
Image Source: Kanchanara/unsplash.com
The CoinDesk 20 Index (CD20), which tracks the 20 largest tokens by market capitalization, fell nearly 6%. The main tokens Solana (SOL) and Ether (ETH) lost more than 7% in price, being among the top losers.
U.S. stocks tracked by the Nasdaq 100 and S&P 500 fell 3.5% on Tuesday, kicking off a bearish September marked by bearish play as weak manufacturing data fueled investor concerns about a slowing economy. The trend spread to Asian markets as Japan’s Nikkei 225 index lost 4.2% within hours of the market opening.
According to the Institute for Supply Management (ISM), the index of business activity in the US manufacturing sector (ISM Manufacturing) rose to 47.2 points in August from 46.8 points in July. However, it remains below 50, which indicates a decline in activity in the US manufacturing sector.
Saber Interactive creative director Tim Willits discussed the implications for the studio of the recent…
Huawei seems ready to ditch Windows in favor of the HarmonyOS operating system. Huawei Consumer…
Frostpunk 2, a frosty city-building strategy with survival elements, was released less than a week…
Telegram's flexible search capabilities allow users to easily find public channels and bots. Unfortunately, the…
Image Source: Warner Bros Interactive Also, the SteamDB website currently lists a large number of…
Global automakers from Toyota and Volkswagen to General Motors are falling further behind Tesla and…