Home Bitcoin News Bitcoin Drops to Three-Week Low as World Markets Flip Threat Off – Bloomberg

Bitcoin Drops to Three-Week Low as World Markets Flip Threat Off – Bloomberg

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Cryptocurrencies suffered a pointy selloff as international markets retreated after US Federal Reserve officers reiterated their resolve to maintain elevating rates of interest till inflation is contained. 

Bitcoin, the most important digital coin by market capitalization, tumbled as a lot as 9.2% to $21,271, the largest intraday drop since June 18. Ether and smaller tokens noticed even sharper declines, with Avalanche, Cardano and Solana falling greater than 10%. 

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