Crypto Market Sees $130 Billion Sell-Off Over Last 24 Hours

Posted 112 days ago

From DAILYCALLER.COM

The cryptocurrency market lost nearly $130 billion in value over the last 24 hours as major digital coins continue their extended sell-off, multiple sources reported.

Bitcoin dropped 4.81% to $33,693.63 over the last 24 hours while Ethereum slid 9.41% to $2,206.22, according to Coinbase. Both assets fell to their lowest level since July 2021, and each has lost roughly 50% of its highest value.

https://twitter.com/CNBC/status/1485623926357217284

Cryptocurrencies have trended similarly to stocks, which have seen a sell-off since the start of 2022. Investors have dumped their assets, especially technology stocks, in preparation for tighter monetary policies from the Federal Reserve, including interest rate hikes and halting of the central bank’s asset purchasing stimulus program.

“Looking forward, our most immediate concern is how equities markets respond to this week’s Fed me... (Read more)



Tweets mentioned:

https://twitter.com/CNBC/status/1485623926357217284