Bitcoin declines as liquidity concerns deepen


FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON: Bitcoin, the world’s largest cryptocurrency by market value, was down by 6.53% at US$78,719.63 last Saturday, continuing its decline from the previous session.

Last Friday, bitcoin fell to as low as US$81,104, the lowest since Nov 21, while the US dollar gained after former Federal Reserve (Fed) governor Kevin Warsh was selected as the next Fed chair.

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