Bitcoin continued its slide overnight, with the leading cryptocurrency by market cap slipping to a new 52-week low of $20,184, according to data from CoinMarketCap.
The top cryptocurrency has lost a third of its value over the past week amid rising inflation rates and an anticipated rate hike from the U.S. Federal Reserve.
The market capitalization of Bitcoin has tumbled from $1.27 trillion in November 2021 to under $386 billion today.
Ethereum (ETH), the second-largest cryptocurrency, is…
Source link