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Bitcoin drops under $21,500, tanking Coinbase, Marathon Digital stocks
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Bitcoin sank to below $22,000 on 19 August, following global stocks lower amid uncertainty over how aggressive the Federal Reserve would be in its effort to cool inflation with interest rate hikes.
Bitcoin, the world’s largest cryptocurrency, has declined 8.7% to $21,443 over the past 24 hours, according to CoinDesk. The selloff came after bitcoin briefly crossed $25,000 over the weekend for the first time since mid-June.
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Read more on fnlondon.comAbout this in other media
Bitcoin drops below $20,000 as cryptos feel the heat over interest rate hawkishness euronews.com /2 years ago
Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets cnbc.com /2 years ago
Low cap crypto is like penny stocks, says Wolf of Wall Street cointelegraph.com /2 years ago
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