Bitcoin briefly tumbles below $50,000 for the first time since February
Publishing timestamp: 2024-08-05 09:53:49
Summary
Bitcoin dipped below $50,000 for the first time since February amid broader market sell-off fueled by recession fears. Crypto stocks also took a hit. Analysts are cautious about the current market environment and warn of potential further declines.
Sentiment: MIXED
Tickers: COIN, ETH.CM=, BTC.CM=, MSTR,
Keywords: cryptocurrency, ethereum/usd coin metrics, investment strategy, bitcoin/usd coin metrics, microstrategy inc, breaking news: investing, markets, breaking news: markets, business news, coinbase global inc, bitcoin, technology,
Source: https://www.cnbc.com/2024/08/05/crypto-market-today.html