Bitcoin plunges to a 10-month low and briefly trades below $30K

Bitcoin (BTC) briefly dropped below $30,000 on Tuesday and is now trading at less than half of its November 2021 all-time high. The plunge of the worlds largest crypto by market value came as both traditional financial and crypto markets suffered massive sell-offs after the U.S. Federal Reserves aggressive monetary tightening. On Tuesday, Bitcoin dropped below the symbolic $30,000 price threshold and briefly traded at $29,961.93 per coin, based on Coinmarketcap data. However, the crypto managed to slightly recover and traded at $31,182.86 at the time of writing. Despite the recovery, BTC...


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