Bitcoin slides 2.8% to $66,500 amid profit taking, economic worries
Business
Bitcoin took a hit on Thursday, dropping to about $66,500, a 2.8% slide in just 24 hours.
Ethereum hovered near $2,000, while other big names like Binance Coin and Solana also saw notable dips.
The pullback is mostly thanks to profit-taking and global economic worries.
Experts suggest staggered crypto investments
With mixed ETF flows and rising global tensions shaking investor confidence, experts suggest playing it safe for now: think staggered investments instead of going all in.
Key US economic updates coming soon could sway things further, and with oil prices climbing past $100 amid Middle East conflicts, inflation concerns are keeping everyone on their toes.