Investing.com– Bitcoin price slid on Thursday, extending a downturn seen through this week as a broader risk-off sentiment kept traders wary of cryptocurrencies, while continued speculation over the U.S. presidential election also weighed.
World no.2 token Ether also saw extended losses as traders largely looked past the launch of spot exchange-traded funds in U.S. markets this week. The launch attracted a fraction of capital flows in comparison to those seen by spot Bitcoin ETFs earlier this year.
Risk sentiment was battered by a sharp fall in Wall Street indexes on Wednesday, as investors heavily sold off major technology stocks following a couple of underwhelming second-quarter earnings.
fell 3.3% in the past 24 hours to $64,024.7 by 08:57 ET (12:57 GMT).
Bitcoin dented by political speculation, risk-off mood
Bitcoin, and by proxy broader crypto markets, were also dented by uncertainty…
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