Bitcoin tumbles around 5%

Bitcoin fell on Sunday, continuing a selloff in the world's largest cryptocurrency.

Publication: 05.08.2024 - 00:39

Updated: 05.08.2024 - 00:39

The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.

Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approvedan exchange-traded fund to track the spot price of bitcoin and ether .

More recently, however, bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.

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