Bitcoin news - Bitcoin fell to a new 18-month low on Wednesday, pulling smaller tokens and causing a sharp fall in crypto markets caused by crypto lender Celsius.
The world's largest cryptocurrency has fallen 7.8% to $ 20,289, the lowest since December 2020. It has lost about 28% and more than half of this year's value since Friday. It has fallen 70% since its record high of $ 69,000 in November.
Cryptocurrency .. Expectations of a sharper increase in US Federal Reserve rates as inflation in the world's largest economy also puts pressure on risky cryptocurrency assets into equities.
According to Digital Asset Manager CoinShares, cryptofunds saw an outflow of $ 102 million last week, suggesting investors' expectations of tighter central bank policies. The value of the global crypt market fell below $ 900 billion, as data from CoinMarketCap showed, from a peak of $ 2.97 trillion in November.
"Markets have not stopped," said Scottie Siu, chief investment officer at Axion Global Asset Management in Hong Kong. "I think we're still sitting in the middle. Cryptocurrency news
