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News BTC Bitcoin drops Bitcoin Dropped May 10, 2022

News BTC Bitcoin drops Bitcoin Dropped May 10, 2022

News BTC Bitcoin drops Bitcoin Dropped May 10, 2022

Bitcoin drops below $33,000 to its lowest since July Bitcoin continued to slide after a massive sell-off of stocks in the US last week, driving the cryptocurrency market into a frenzy and sending the cryptocurrency down nearly 10%. Bitcoin Dropped May 10, 2022 Bitcoin, the world's largest digital currency by market capitalization, fell 5 percent to $3,2860.91 at about 7:12 a.m. ET, according to data from Coindesk. Bitcoin hit an intraday low of $32,650.02, its lowest since July 2021. The virtual currency has been trading in a tight range this year as it attempts to regain its highs in late 2021. It is now down more than 50 percent from its peak price of $68,990.90 in November 2021. The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq fell 5 percent. Those losses marked the worst one-day decline since 2020. The Dow and Nasdaq fell again on Friday. Meanwhile, the Federal Reserve on Wednesday raised its benchmark interest rat…

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