Troubles are growing in cryptocurrencies! Bitcoin crashed hard

Bitcoin price went into free fall late at night and dropped from $20,000 to $18800. The sharp declines are driving the investors away from the market.
The crypto money investor, who entered 2022 with hope after the rise in 2021, has almost hit a hard rock. When the high inflation that emerged after the pandemic brought with it interest increases, the FED became a nightmare for the crypto money world. Investors are leaving Bitcoin, which is seen as a risky asset, one by one.


With the effect of the Bitcoin price testing the lowest levels of the year, the total size of the cryptocurrency market fell below the level of 1 trillion dollars.

The global crypto market fell 5.84 percent to $934.95 billion, according to data compiled by Coinmarketcap.

Bitcoin price dropped as low as $18,559 this morning and is currently trading at $18734.60.

Bitcoin’s market cap is currently $358.5 billion, according to Coinmarketcap data. Ethereum’s market value is at $ 184.47 billion.

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