Rising oil prices and increasing interest rates have taken their toll on bitcoin, causing its value to plummet. The cryptocurrency has lost significant ground in recent sessions. Geopolitical tensions and regulatory uncertainty are also contributing factors.
Source
"Bitcoin Loses Steam Amid Oil Price Rise and Rising Rates" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
BTC · 7D · $64,766+1.2%