Bitcoin continues to fall as losses deepen across the crypto market
Declining 8% in just 24 hours, Bitcoin dipped below $36,000 before stabilizing. It’s a similar story for the crypto market as a whole, which lost 7% during the same time frame; Ethereum shed 7% from yesterday’s price, and the rest of the top 10 faced losses of between 5% and 9%.
According to experts, FED raising interest interest rates to cool down inflation is the main reason causing the fluctuation. Short-term investors are inclined to sell due to the current crypto market uncertainty.