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CNN fires Chris CuomoFormer Netflix engineer and accomplice sentenced to prison
for insider tradingBitcoin plunges overnight





BITCOIN PLUNGES OVERNIGHT

By Ramishah Maruf, CNN Business and Reuters



Updated 12:12 PM ET, Sat December 4, 2021


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New York, NY (CNN)Bitcoin prices plummeted overnight to a low of about $43,000.

As of 10:30 am EST Saturday, the cryptocurrency had dropped more than 13% in the
previous 24 hours, from $56,294 to $48,309 -- a loss of almost $8,000.
That's a stark contrast from its all-time high of just last month, when Bitcoin
reached almost $69,000 on November 9.

It's a slight rebound from a plunge of more than 17% earlier in the day.


Ether, the second most popular cyrptocurrency, fell almost 10%.


Read More
The drop for bitcoin follows a volatile week for financial markets. Global
equities and benchmark U.S. bond yields tumbled on Friday after data showed US
job growth slowed in November and the Omicron variant of the coronavirus kept
investors on edge.

Data from another platform, Coinglass, showed that nearly $1 billion worth of
cryptocurrencies had been liquidated over the past 24 hours, with the bulk being
on digital exchange Bitfinex.
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Correction: A previous version of this story misstated Bitcoin's lowest point in
its drop in value overnight. It fell to about $43,000.



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