Bitcoin price plummets
NewsThe massive market sell-off on June 8 sent the Bitcoin price in a free fall. The price plunged to more than $32,000 from an intraday high of $36,700. According...
[ad_1]
The massive market sell-off on June 8 sent the Bitcoin price in a free fall. The price plunged to more than $32,000 from an intraday high of $36,700.
According to Coin Desk data on June 8 (Vietnam time), the price of Bitcoin fell to $ 32,449 / dong and then rose slightly to $ 32,989 / dong, down 9.56% from a day earlier. The drop caused Bitcoin’s market capitalization to shrink to $617 billion.
In addition to Bitcoin, other cryptocurrencies also dropped in price. Ether price plunged 10.14% to $2,516/dong. XRP and Cardano also saw price drops of 11.97% and 11.67% respectively. Meanwhile, the price of Dogecoin dropped to 13.15%.
Experts say that regulatory risks from the Chinese authorities continue to weigh on the price of Bitcoin. Weibo – China’s most popular social network – has blocked a number of accounts with crypto influence for violating unspecified laws and community rules on its platform.
The cryptocurrency market is also affected by the possibility that the US Federal Reserve (FED) may stop its monetary easing policies due to the risk of inflation.
Bitcoin and other cryptocurrencies began to decline after Tesla CEO Elon Musk announced the electric car company would stop accepting Bitcoin payments due to environmental issues. The May bottom of Bitcoin price is more than 31,000 USD/dong, set on May 23.
Recently, billionaire Musk continued to shake the cryptocurrency market after tweeting with the hashtag #Bitcoin and a broken heart emoji. Along with that is an image referring to the lyrics of the song In the End by the rock band Linkin Park.
Maybe you are interested:
Join our channel to update the most useful news and knowledge at:
According to Zingnews
Compiled by ToiYeuBitcoin
[ad_2]
More From Crypto News
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
Core Lightning Urges Upgrade to v26.06.10 for Security Fixes
Core Lightning has urged node operators to install v26.06.10, a maintenance release from the ElementsProject/lightning repository that addresses issues in two a...
XRP Ledger Fixes Bug That Could Have Created New Tokens
The XRP Ledger has patched a disclosed security bug that could have allowed accounts with approved token-burning permissions to also create new tokens, a flaw t...
Why Is Dash (DASH) Price Surging Today? Key Drivers
Dash (DASH) is trading at $49.55, up 10.16% in the past 24 hours as of November 5, 2026, placing it among the day’s top gainers in the broader altcoin market.
Binance Spot Share Falls to 42% After $6.3B Hack
Binance’s share of global spot trading has fallen to 42% in the wake of a reported $6.3 billion hack, with rival exchange OKX emerging as one of the clearest be...
Why Is Arbitrum (ARB) Price Surging Today? Key Drivers Explained
Arbitrum’s ARB token is trading at $0.159795, up 4.80% in the past 24 hours as of November 4, 2026, with spot volume reaching $0.11 billion on the day.
