Commodities & currencyMoneycontrol
Bitcoin hovers near $73,700 after 8.3% weekly slide
Negative-10
GreyOak summary
Bitcoin dropped 8.29% over the week to trade near $73,700, down from a high of $74,635. The decline followed stronger-than-expected US inflation and employment data, which increased expectations for a Federal Reserve rate hike in December. While US equities stabilized, crypto markets faced pressure from a stronger dollar and ETF withdrawals. Analysts suggest investors remain cautious due to macroeconomic uncertainty.
What it affects
- BitcoinNegative -10
Bitcoin fell 8.3% weekly to hover near $73,700.Rolling sentiment Negative -38
