LONDON (IT BOLTWISE) – Bitcoin extended losses on Friday, falling below $109,000. This development is part of a broader risk aversion that has gripped global markets. Stock markets around the world are showing weakness as bonds rise in value and gold hits new highs. The uncertainties in trade between the USA and China also contribute to the tense mood.
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Bitcoin extended losses on Friday, falling below $109,000. This development is part of a broader risk aversion that has gripped global markets. Stock markets around the world are showing weakness as bonds rise in value and gold hits new highs. The uncertainties in trade between the USA and China also contribute to the tense mood.
Bitcoin’s recent losses follow a sharp decline triggered by over $19 billion in liquidations. These liquidations have been exacerbated by rising trade tensions between the US and China. Bitcoin, which recently hit a record high of $126,000, is struggling to stabilize, increasing uncertainty among investors.
Other cryptocurrencies such as Ether and XRP are also recording losses. Ether fell 2.2% to $3,931, while XRP fell 2.7% to $2.36. Analysts observe that momentum in altcoins remains weak as traders reduce positions ahead of possible regulatory and macroeconomic challenges. Ryan Lee, principal analyst at Bitget, notes that XRP is under near-term pressure due to whale transactions and exchange inflows.
In traditional markets, the collapses of companies such as First Brands Group and Tricolor Holdings have revived fears about hidden credit losses. Accounting write-offs related to fraud at Zions Bancorp and Western Alliance wiped out more than $100 billion in market value from U.S. banks in a single day. These developments have further fueled demand for safe-haven assets such as gold and silver, while Bitcoin, often referred to as digital gold, has not yet been able to follow this trend.
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