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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysian financial markets show resilience despite global uncertainty
TNB unit issues RM1.5bil sustainability sukuk wakalah
Mah Sing signs supplemental agreements for Johor land acquisition
Citi shuts most UAE branches temporarily as banks evacuate offices in region
Oasis Home in JV to strengthen presence in Singapore’s e-commerce market
EcoWorld 1Q net profit surges to RM156.41mil
Bank Negara issues technology risk policy for payment service regulatees
Ringgit eases vs US dollar on cautious sentiment amid worries over oil supply
FBG wins RM15.5mil construction job from S P Setia
BAuto sees positive FY26 outlook as new models drive sales

Others Also Read