Bitcoin claws back from steep losses as crypto traders buy dip

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SINGAPORE - Bitcoin inched back to briefly top US$56,000 on Tuesday after a bout of risk aversion in global markets inflicted steep losses on most major cryptocurrencies.

"But generally, sentiment is still cautious on concerns that this is the start of a larger deleveraging process," he added.

Cryptocurrency ATMs, operated by Coinhero, in Hong Kong, China, on Monday.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaHong KongSingaporeUnited States

Topics: Cryptocurrencies Asset Singapore Rose Markets Bitcoin Cryptocurrency Digital Largest Monday Tuesday

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 10:38:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21950136

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 10 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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