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 Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE U.S. Private Sector Hiring Exceeds Expectations, Adding 192,000 Jobs in April READ MORE Silver Surges Past Gold, Ratio Suggests Further Gains to Come READ MORE Global Central Banks Begin Slow Shift to Rate Cuts Amid Varying Economic Conditions READ MORE Copper to $12,000, Gold to $2,700, Says Goldman Sachs READ MORE Add a Comment Cancel replyYour email address will not be published.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