Bitcoin Dives Below $56,000 After Stock Market Rout
Nearly $100 million in liquidations hit investors within a one-hour period.
Ryan Ozawa
By Ryan Ozawa
Sep 4, 2024
2 min read
The price of Bitcoin plunged as low as $55,746 late Tuesday, according to CoinGecko data, seeing a sudden dip hitting within an hour of the stock markets in Asia coming online.
The drop follows a dismal day on the U.S. stock market, with tech giant Nvidia weighing down an overall 600 point dip in the Dow Jones Industrial Average. Across the Pacific, the Nikkei stock index started its day down 1,000 points from its prior close.
Bitcoin has slightly rebounded, trading at $56,463 as of writing, down nearly 3% for the day. 0 reply
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