Live markets: Bitcoin gives up all of May's gains, slipping below $77,000
Bitcoin has experienced a significant decline, dropping below $77,000 and erasing all gains made in May. The Nasdaq index also saw a reduction in its losses, narrowing from 1.3% to 0.8%. This market movement coincided with a statement from President Trump regarding a military action involving Iran.
- ▪Bitcoin has slipped below $77,000, losing all of its gains from May.
- ▪The Nasdaq index reduced its losses from 1.3% to 0.8%.
- ▪President Trump made a statement about holding off on a planned military attack on Iran.
Opening excerpt (first ~120 words) tap to expand
7:14 p.m., May 18Stephen AlpherShareShare this postCopy linkX iconX (Twitter)LinkedInFacebookEmailTrump Truth post leads to small bounce"I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, to hold off on our planned Military attack of the Islamic Republic of Iran, which was scheduled for tomorrow," said President Trump minutes ago in a Truth Social post.The Nasdaq narrowed its 1.3% loss to just 0.8%, and bitcoin has bounced about 0.5% to $76,650.
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
