Bitcoin has plunged to a 21-month low, driven by anticipated interest rate hikes and worries over a major corporate buyer’s shifting strategy. Investors are pulling funds from Bitcoin ETFs as the US dollar strengthens. Concerns are mounting that MicroStrategy, a significant Bitcoin holder, might reduce its holdings, adding to the downward pressure on the cryptocurrency, which has now fallen over 50% from its peak.
Source :- Markets-Economic Times Read More
