Jul 9, 2022
On Monday, Bitcoin’s losses continued, falling below $31,000 for the first time since July 2021, bringing its decrease from a November peak to more than 50% amid a global flight from riskier investments such as tech stocks.
After a broader stock sell-off in the United States last week sent the cryptocurrency market into a frenzy and caused the cryptocurrency to tumble by nearly 10%, Bitcoin has continued to fall.
According to Coindesk, Bitcoin, the world’s largest digital currency by market value, was down 5% to $32,860.91 at 7:12 a.m. ET. Bitcoin fell to $32,650.02 intraday, its lowest level since July 2021.
