Cryptocurrencies take a sudden lurch lower as Bitcoin declines
.jpg)
Cryptocurrencies dropped on Thursday as Bitcoin gave up the $4,000 level it’s hovered around since the start of the year.
The largest digital currency slumped as much as 6.2% in the European morning, erasing an earlier small gain to trade at $3,785.17 at 9:28 am in London.
The Bloomberg Galaxy Crypto Index, a gauge of the largest cryptocurrencies, fell 7.7% as Bitcoin’s rival tokens, including Ether, Litecoin and XRP, also retreated.
Timothy Tam, co-founder and CEO of CoinFi, a cryptocurrency research firm in Hong Kong, said while there wasn’t an immediate reason for the abrupt sell-off, he did notice a large transfer of about 40,000 Ether into an exchange an hour before the drop.
“Usually transfer of Ethereum onto an exchange indicates an intent to sell, and if there is a sell-off on one exchange it compounds like dominoes to another because arbitragers will sell immediately on the other exchanges as well,” he said.
Other Latest News
.webp)
Karnataka Chief Minister Siddaramaiah is scheduled to meet Prime Minister Narendra Modi in New Delhi on Monday.
According to the CM's travel plan shared with the media, he is expected to land in Delhi at 1:30 pm. The meeting is likely to take place at 5 pm, according to official sources. Siddaramaiah is scheduled to depart for Bengaluru at 7 pm.
.webp)
At least 42 people were burnt to death after a bus carrying Umrah pilgrims collided with a diesel tanker near Medina, Mathrubhumi reported on Monday. The victims are believed to be Indian nationals, with several reportedly from Hyderabad.
.webp)
Engineers India share price today: Shares of engineering consultancy and EPC company Engineers India jumped over 5 per cent to hit an intraday high of ₹210.9 per share on the National Stock Exchange (NSE) after the company reported healthy revenue growth of 34 per cent year-on-year (Y-o-Y) for the July-September quarter of fiscal 2026 (Q2FY26).
.webp)
Sporadic incidents of violence were reported from across Bangladesh on Monday amid heavy security deployment ahead of a special tribunal verdict against deposed prime minister Sheikh Hasina in a case of alleged crimes against humanity.
The capital city of Dhaka, which generally remains gridlocked on weekday mornings, woke to near-empty roads, with only scattered cars and rickshaws moving through heavily policed intersections.
.webp)
Tata Motors, one of the Sensex’s original constituents, faces the risk of being dropped from the 30-share benchmark next month, following a sharp decline in its market capitalisation after the demerger of its commercial vehicles business in October.
The stock is likely to be replaced by InterGlobe Aviation (IndiGo), the country’s largest airline, which is currently the highest-ranked non-constituent by market value.
.webp)
.webp)
.webp)
.webp)
.webp)
