2024-08-05 15:48:47
The markets experienced strong shocks this Monday, and bitcoin was not spared. The popular cryptocurrency even fell below the $50,000 mark (or 45,500 euros), the first since February, falling by more than 15%.
This is the fourth day of decline in a row for bitcoin. Last Friday, for example, it had already fallen by more than 7%. Before these subsequent declines, the cryptocurrency reached 68,000 dollars (or almost 63,000 euros) on Monday, July 29, a week ago.
The last such decline in bitcoin dated from the fall of FTX, the second largest cryptocurrency exchange platform at the time, in November 2022. “standard” currency and lost almost 20% of its value in a week.
Widespread fear
On the side of Ethereum (ETH), another popular cryptocurrency after bitcoin, the fall is also significant. It is close to the $2,000 mark (or around 1,800 euros), after a week of consecutive declines and a fall of more than 20% in a week.
In general, the markets fear the current recession in the United States and are experiencing strong shocks. The dollar and the euro fell by 2% this Monday and Asian stock markets are still in trouble: Tokyo, for example, suffered the biggest drop in points in its history.
The announcement made last week by the Department of Labor of the USA is one of the reasons: the institution said that some of the 60,000 jobs expected were created in July in the United States – or only around 110,000 jobs, the result at least three years. And the increase in unemployment in the country has also caused concern.
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