• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,658.83 -0.27% -COP 9.84Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
  • Mexican pesoCOP 176.66 -0.02% -COP 0.04Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote

Bitcoin enters 'extreme fear' territory

FinanceInternationalExpansiónAI summary
Image: Expansión

Bitcoin drops below $70,000 for the first time since August amid a wave of selling in the crypto market. The fear and greed index falls to 19 points, an 'extreme fear' level, from the neutrality it showed on November 4. Analysts cite Nasdaq turbulence, ETF outflows, a higher-than-expected US CPI, Federal Reserve messaging, the stronger dollar, Nvidia's slump and Strategy's exclusion from MSCI indexes as triggers.

In 30 seconds

  • Bitcoin falls below $70,000 for the first time since August.
  • The crypto fear and greed index drops to 19 points, in 'extreme fear' territory.
  • Sentiment moved from neutrality on November 4 to extreme fear in nine sessions.
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading