Home / Markets / Cryptocurrency / Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

As of 12 PM (IST), Bitcoin was trading at $18,735, and Ethereum was at $1,272. The total crypto market cap is now nearing $900 billion

An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on Feb. 17, 2022. Cryptocurrencies have experienced their worst plunge since 2018. (AP Photo/Kin Cheung, File)

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AP Photo/Kin Cheung

2 min read Last Updated : Sep 22 2022 | 1:28 PM IST

After the Federal Reserve's (Fed) 75 basis points interest rate hike, Bitcoin touched its lowest level since December 2020. In the last 24 hours, the price of Bitcoin has fallen nearly 2 per cent, and the total crypto market cap is now nearing $900 billion. It was over $1 trillion on September 15.

As of 12 PM (IST), Bitcoin was trading

Topics : Bitcoin BS Web Reports crytocurrencies Markets US Federal Reserve Jerome Powell Federal Reserve Interest Rates

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