Home Bitcoin News Bitcoin Price (BTCUSD) Falls 10% to $20,824 in Deepening Crypto Sector Crash

Bitcoin Price (BTCUSD) Falls 10% to $20,824 in Deepening Crypto Sector Crash

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Bitcoin Price (BTCUSD) Falls 10% to $20,824 in Deepening Crypto Sector Crash


Bitcoin delivered another white-knuckle ride Tuesday, briefly turning positive before resuming its slide as speculators struggled to price in the prospect of even bigger Federal Reserve interest-rate hikes to quell inflation and the consequences of the halt of withdrawals by the lending platform Celsius.

The largest digital token was down about 5% to $22,053 as of 7:24 a.m. in New York. It had dropped as low as $20,823, the least since December 2020. Ether was down as similar amount, while altcoins like Solana, Avalanche and Polkadot were mixed.

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