Crypto assets (virtual currencies) fell across the board on the 19th. Bitcoin is nearing its lowest price since 2020. Monetary tightening is expected in Europe and the United States this week.
As of 7:45 a.m. London time (3:45 p.m. Japan time), Bitcoin is trading at $18,370. At one point, it fell 7.4%. Ether has been unable to sustain the $1,300 levels following falling 6.6%. XRP and Polkadot’s declines are even tighter.
Investors are bracing for volatility as the Federal Open Market Committee (FOMC) is expected to raise interest rates further this week. US stock futures fell and the dollar index rose, suggesting that the market is in caution mode.
Original title:Bitcoin Sinks Toward Lowest Since 2020 on Nerves Over Fed Hike(excerpt)