Bitcoin Slumps to Four-Month Low Amid Selling Pressure Concerns Bitcoin has fallen to its lowest level since February, marking its fourth consecutive decline, due to a combination of factors. These include concerns about potential selling by governments, creditors of the failed Mt. Gox exchange, and struggling crypto miners. The cryptocurrency is now down about 25% from its March record, with the initial excitement around US exchange-traded funds giving way to fears of prolonged high interest rates and political uncertainty. This downturn occurs despite advancing stock markets, highlighting the unique challenges facing the crypto industry. Analysts note a lack of positive buzz in the crypto market and suggest that more dovish monetary policy from the Federal Reserve could help revive the sector. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Home Prices Set to Surge Despite Overvaluation: Fitch's Forecast READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE US Business Activity Slows, Marking Weakest Growth in Four Months READ MORE Economic Indicators Misfire: No Recession Despite Warning Signs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment