Bitcoin is nearing its lowest level since mid-December 2020. Cryptocurrency traders are bracing for global economic measures to curb inflation.
The value of one bitcoin fell by 6.7 percent to $ 18,500 (€ 18,548). Ether lost 6.2% to around $ 1,300.
Investors are bracing for a further rate hike by the Federal Reserve, among others. Steps are expected to be taken this week to counter skyrocketing inflation in the US. As a result, investors are behaving more cautiously. The UK central bank is also expected to raise interest rates.
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