Bitcoin slumps under $50K, losing 12% as broader financial markets in turmoil

Rony Roy

Bitcoin experienced a sharp decline on Aug. 5, plummeting to $49,221 after maintaining a level of around $58,350 for almost two hours. At the time of writing, Bitcoin (BTC) had a daily trading volume of $79.5 billion, while its market…

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Bitcoin slumps under $50K, losing 12% as broader financial markets in turmoil