Bitcoin drops below $20,000 as cryptos feel the heat over interest rate hawkishness

Published by
Euronews (English)

Bitcoin had a rude awakening on Monday after its price briefly dropped below $20,000 (just under €20,000) following tough comments on interest rate hikes from the US Federal Reserve chief. Bitcoin, the largest cryptocurrency by market capitalisation, was trading down 2 per cent at around $19,526, according to Coin Metrics data. It is a level unseen since mid-July and Bitcoin prices are now down more than 50 per cent from a year ago. The second-largest cryptocurrency Ether fell around 4 per cent to $1,423, its lowest level in a month and other altcoins also dipped. Bitcoin and other cryptocurre…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.