Bitcoin fell more than 6% to $28,000.
Bitcoin fell more than 6% to $28,000.
At 5:56 a.m. on May 12, 2022, Bitcoin fell 6.09% to $ 28,932 as the United States released higher-than-expected inflation figures near its highest level in 40 years.
Experts have stated that If Bitcoin breaks below $30,000, it may crash to test the $25,000 level.
Causing the value of cryptocurrencies around the world to disappear by more than $ 800 billion in just one month amid Fed concerns. (The Federal Reserve) raises interest rates and cuts its balance sheet. causing drag to liquidity in the market
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