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Bitcoin has hit a two-month low, dropping over 2% to $57,843, amid uncertainties surrounding the U.S. presidential election and concerns over increased bitcoin supply from the defunct Mt. Gox exchange. The total cryptocurrency market cap has fallen 3.6% to $2.28 trillion, and is currently trading at $58,900. In the past 24 hours, $261.89 million in liquidations occurred. The decline marks Bitcoin's lowest point since May 2, extending a month-long downward trend.
Total crypto market cap is down 4.9% to $2.21T as #Bitcoin has its worst day in 320 days. BUY THE DIP. https://t.co/sDq4be6B2X
Bitcoin hits 2-month low on election uncertainty, Mt Gox flows https://t.co/RBicJxJJu9 via @Reuters https://t.co/QvB8TGCkF8
BITCOIN SLIDES TO TWO-MONTH LOW ON U.S ELECTION UNCERTAINTY Bitcoin fell to $57,843, its lowest level since May 2, extending a month-long decline. Market analysts point to uncertainties surrounding the U.S presidential election and reports of bitcoin supply from Mt. Goxโฆ https://t.co/loFx7jV5ax