Bitcoin, ether sink to multi-month lows

By Reuters

Aug 06, 2024 12:08 am

BITCOIN and ether tumbled on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven assets.

Crypto markets have gotten a boost this year after the US Securities and Exchange Commission approved an exchange-traded fund to track the spot price of bitcoin and ether.

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