Bitcoin value dives as uncertainty grips market

Quick Summary:

Bitcoin's price plunged nearly 10 per cent on Monday (Mar 3) as an escalating trade war and uncertainty over creation of a US crypto reserve fund sent investors running from risk.

There is more than a trillion dollars worth of bitcoin in the largest overall valuation in the crypto realm.

"Everything is getting sold," Forexlive manager Adam Button said, adding: "There's a de-risking that's unfolding" among crypto investors.

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Category: EconomyBusiness

Markets: SingaporeCanadaMexicoUnited States

Topics: Trump Monday Digital Price Happen Crypto Bitcoin Cent Button Cryptocurrency Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 09:22:59 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26652702

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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