Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded in the previous session as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets.
The price of the biggest digital token by market value fell 4.3 percent in the European morning on Saturday to $35,127, the lowest level since July 2021. Bitcoin has now lost almost a quarter of its value this year.
Other cryptocurrencies have also come under intense selling pressure, with an FT Wilshire index of the top five tokens excluding bitcoin down
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