Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

CoinTelegraph9h agoUpdated 8h ago
Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses
Smart Read

Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.

Coins in this story

BTC
₹62,571.00
-1.70%

Discussion

Related stories

CoinTelegraph

Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2

Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.

CoinTelegraph

JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing

JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.

CoinDesk

Strategy says MSCI should measure markets, not dictate corporate assets

The bitcoin treasury company said index providers should measure markets rather than determine which assets public companies are allowed to own.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.