Technology

Bitcoin slides 5% as profit-taking sweeps crypto

 Bitcoin fell by as much as 5.7% on Tuesday in its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks.

The price was last down 5.25% at $63,806, having hit a two-week low of $63,555, while ether dropped 5.1% to $3,326.

Bitcoin is still showing a 52% gain for the year so far, as investors have piled into U.S. exchange-traded funds backed by spot bitcoin.

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Harmonising access and reinventing the procurement of innovative medicines in Europe

Europe pays for innovative medicines through 27 uncoordinated national negotiations, generating access delays, cross-country pricing…

6 hours ago

Opening the black box of Europe’s new fiscal rules

The EU's fiscal rules in force since 2024 are often criticised for their complexity. The…

6 hours ago

Beyond tariffs: why Europe and India must prioritise investment into manufacturing

The signing of the EU-India Free Trade Agreement (FTA) in January 2026 represents a significant…

6 hours ago

A sober look at the case for common European Union debt

More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features,…

6 hours ago

A plan for a World Trade Organization sectoral agreement on semiconductors

Trade weaponisation is straining WTO rules, but a semiconductor pact could show how to manage…

6 hours ago

Feeding the Next Generation: Why East Asia’s Agricultural Support Policies Need to Change

Rice feeds nearly 690 million people across Southeast Asia. For decades, governments across the region…

6 hours ago