Bitcoin Skids to Six-Month Low as Fears of Ukraine Conflict Shake Markets

Reuters2022-01-24

LONDON :Bitcoin tumbled almost 9per cent on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.The largest cryptocurrency was...

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boonhup
2022-01-24
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Binance Coin, the fourth-biggest token that is issued by the eponymous crypto exchange, was down 12per cent.</p><p>&#34;Bitcoin will face headwinds going back up until the macroeconomic conditions change,&#34; said Mark Elenowitz, president of Horizon, a firm that services securities exchanges.</p><p>&#34;Generally speaking, when rates are hiked, we could see more sell-offs of seemingly risk-on assets like bitcoin.&#34;</p><p>U.S.-listed cryptocurrency miners Riot Blockchain, Marathon Digital and Bit Digital slumped between 7.3per cent and 12per cent in premarket trading, while crypto exchange Coinbase Global dropped 7.8per cent.</p><p>(Reporting by Tom Wilson Additional reporting by Medha Singh in Bengaluru Editing by Rachel Armstrong and Mark Potter)</p></body></html>","source":"can_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Skids to Six-Month Low as Fears of Ukraine Conflict Shake Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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