Bitcoin (BTC), the leading cryptocurrency by market value, fell nearly 15% to under $60,000 last month, snapping a seven-month winning trend. The sell-off came as an overheated bull market ran into broad-based risk aversion characterized by renewed tensions in the Middle East, dwindling probability of rapid Fed rate cuts this year and strength in the dollar index.
ABOUT AUTHOR
- investment strategy: Easy bull run phase in India: Sandeep Tandon
- Vietnam is targeting fourth-quarter economic growth of 7.6% to 8%, says government. By Reuters
- China’s foreign exchange reserves for September rose more than expected to $3.316 trillion. According to Reuters
- Japan’s top currency diplomat warns against speculative moves as yen falls Author: Reuters
- Rio Tinto confirms plan to acquire Arcadium Lithium by Investing.com
- A Frontier Airlines plane makes an emergency landing after an engine fire
- International funds shine with an increase of up to 20% compared to last week’s return rates
