Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping.<\/p>\n\n\n\n
Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020.<\/p>\n\n\n\n
Bitcoin has lost about 28 percent of its value since Friday, and more than half its value this year. Since hitting a high of $69,000 in November, it has fallen by nearly 70 percent.<\/p>\n\n\n\n
Bitcoin plunged after US crypto lender Celsius this week froze withdrawals and transfers between accounts, raising fears of broader repercussions in the digital asset market.<\/p>\n\n\n\n
Expectations of more US interest rate hikes, aimed at combating soaring inflation in the world’s largest economy, have increased pressure on risky assets from cryptocurrencies to stocks.<\/p>\n\n\n\n
Smaller digital currencies, which are affected by bitcoin’s movements, also fell, with Ether the second-largest cryptocurrency down 9.4 percent to $ 1,090.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half its value this year. Since …<\/p>\n","protected":false},"author":9,"featured_media":32197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,6903,6905,8476,7476,8018,8207],"class_list":["post-67119","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-cryptocurrencies","tag-ethereum","tag-risk-assets","tag-selloff","tag-stock-markets","tag-uncertainty"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67119"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67119\/revisions"}],"predecessor-version":[{"id":67120,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67119\/revisions\/67120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32197"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}