FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
SINGAPORE/LONDON (Reuters) -Bitcoin dropped to a seven-month low on Friday, closing in on the $80,000 level below which some analysts say much heavier losses are likely for the world's largest cryptocurrency.
Bitcoin fell to $80,553, and ether hit a four-month low, as cryptocurrencies led a broad flight from riskier assets, spurred by investor worries over lofty tech valuations and uncertainty over near-term U.S. interest rate cuts.
