CandleFocus Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
2024-10-23
Author: Content Editor
Cryptocurrencies, including major tokens like ether, experienced a decline in value along with the broader stock market. The CoinDesk 20, an index of the top 20 cryptocurrencies, was down 2.6% in the last 24 hours, with Chainlink being the worst performer. Bitcoin dipped 2.3% to $66,000, while ether tumbled 5.3%. However, Solana showed strength and remained flat at $169. Furthermore, ETH reached new lows against BTC and SOL, with the ETH/BTC ratio falling below 0.038 for the first time since April 2021. The market decline was not limited to cryptocurrencies, as the S&P 500, Nasdaq, and Dow Jones also saw declines.
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