Bitcoin Falls to Half Its Peak as Investors Shun Risk
The price of Bitcoin fell 5.3% to $33,879 on Sunday afternoon and is now about half its all-time high. Bitcoin, the largest cryptocurrency, hit a peak price of $67,802.30 in November 2021. The Federal Reserve’s announcement Wednesday that it was raising interest rates by a half point, the largest hike since 2000 with additional increases expected this summer, sent the Dow Jones Industrial Average on Thursday down 1,063 points, or 3.1%.
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