The cryptocurrency bitcoin tumbled to its lowest level since July 2021 on Monday, as it fell in parallel with US stock markets amid concerns regarding the strong path taken by the Federal Reserve in tightening monetary policy.
The world’s largest cryptocurrency fell to 30 thousand and 331.28 dollars, continuing its decline for the fifth consecutive session.
Bitcoin was traded in the latest trading, down 9.8% at $30,724.
Bitcoin has plunged 19% since the beginning of May and has lost more than half its value since hitting an all-time high of $69,000 in November last year.
Ether, the world’s second largest cryptocurrency, fell to $2,245, its weakest level since January.
Archyde.com
