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Bitcoin drops again

July 27, 2022
Reading Time: 1 min read
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Bitcoin drops again

Bitcoin drops again

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Italian minister shares details of plan to cap EU gas prices

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Bitcoin drops again

The Bitcoin fell on Tuesday to its lowest in more than a week on the back of the effects of the Federal Reserve Council’s (Central Bank) decision to raise interest again.

According to Bloomberg News Agency, Bitcoin, the largest and most popular digital currency, fell today by 6.2%, trading around $ 20924 per unit in New York morning trading. M ‘ In. i. S Crypto Compare Digital Asset 100 tracked digital asset performance by more than 5% and the smaller digital currency Ether fell by nearly 10%.

Bloomberg noted that Bitcoin’s recent decline had dashed hopes of recovery, trading between $ 19 thousand and $22,000 per unit, with the attractiveness of high-risk investment instruments reduced by higher interest rates.

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