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Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms

By ilene
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Image by mh-grafik from Pixabay

By Jocelyn Yang, Coindesk

The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike.

Bitcoin dipped below $22,600 at one point Monday to record, its biggest single-day percentage loss since early November when the FTX meltdown sent the crypto market reeling.

The largest cryptocurrency by market capitalization was recently trading at about $22,720, down more than 4.5% after climbing over $23,900 on Sunday for the first time since mid-August…

Read more here >

Image by mh-grafik from Pixabay 

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