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Bitcoin, other cryptocurrencies in free fall after interest rate hikes

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New Delhi: Bitcoin on Sunday witnessed another round of free fall, slipping below $35,000 per coin, as the global crypto market went through a massive
New Delhi: Bitcoin on Sunday witnessed another round of free fall, slipping below $35,000 per coin, as the global crypto market went through a massive slump of over 4.5 per cent in the past 24 hours to $1.66 trillion. All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates. Bitcoin is down more than 20 per cent since the beginning of this year. On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.

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