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Bitcoin Drops to 7-Month Low

The world’s number one crypto by market capitalization, Bitcoin, fell below $33,542.01, hitting a new seven-month low, dragging the entire crypto market down.

The second largest coin, Ethereum, fell to $2,250.

The crypto market remains under pressure after a slight recovery at the end of last week.

Perhaps the main reason for the crypto market’s continued slide is the concern that the Fed will raise interest rates sooner than expected.

Like the capital markets, the US Nasdaq Futures Index has turned from positive to negative territory this afternoon. As a result, the crypto market, which is considered a risky investment by investors, keeps being under pressure.

Crypto movement in the last 24 hours.
-Bitcoin -6%
-Ethereum -10%
-ADA -12.5%
-XRP -8%
-Solana -20%
-Dogecoin -8%
-Terra -11.7%

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