Bitcoin drops 1.6% to below $20,000
Bitcoin , the world's biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.Register now for FREE unlimited access to Reuters.comEther , the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.
Bitcoin's fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed's actions on interest rates has caused some investors to forecast more pain for equities.Register
Reporting by Akriti Sharma in Bengaluru; additional reporting by Megan Davies in New York; Editing by Bill Berkrot
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge says ‘enough is enough’ as ex’s $20M lawsuit against Phil Collins dismissedJudge says 'enough is enough' as Orianne Cevey's $20M lawsuit against Phil Collins dismissed
Read more »
California to spend up to $20 million to bring women from other states for abortionsCalifornia is preparing to spend up to $20 million to bring women from other states to its abortion clinics, a policy aimed at increasing access to a procedure that has been outlawed or restricted in many states since the U.S. Supreme Court overturned Roe v. Wade.
Read more »
11 Wedding Gifts Under $20 You'll Love11 Wedding Gifts Under $20 Anyone Will Love
Read more »
City Base Wage Jumps to $20/Hour for Next Fiscal YearCouncil approves base-pay increase for city workers.
Read more »
17 Budget-Friendly Foundations Makeup Artists Swear ByThis $12 stick foundation is a must-have! 🙌
Read more »
I'm Obsessed With This Under-$20 Cream BlushArguably the best element of these blushes is how fast and easy they are to apply!
Read more »