Sudden crypto drop sends bitcoin to 3-wk low

Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. The reason for the drop was not immediately clear. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning. It recovered slightly and last stood at $22,047. Ether was last down 5% at $1,753.

Reuters| Singapore | Singapore

Updated: 19-08-2022 12:50 IST | Created: 19-08-2022 12:48 IST

Image Credit: ANI

Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low.

The reason for the drop was not immediately clear. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning. It recovered slightly and last stood at $22,047. Ether was last down 5% at $1,753.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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