Cryptocurrencies must regain traction before Wednesday’s Federal Reserve interest rate announcement
(Picture: REUTERS)Cryptocurrencies dived to new lows this morning as markets shied away due to regulatory issues and fears due to the impact of inflation on the wider economy.
The largest and most well-known of the platforms, Bitcoin, saw its value drop by 5% - a three-month low - as it dipped beneath the psychologically important $19,000 (£16,695) water mark to land at $18,390. It has now dropped 6.5% in the last 24 hours alone, according to crypto measurement platform CoinGecko.
