Bitcoin Tumbles to Lowest Since July 2021 as Market Panic Grows

Bitcoin Tumbles to Lowest Since July 2021 as Market Panic Grows

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The reality of tighter monetary policy continues to be felt in all markets, including crypto, with bitcoin (BTC) – which days ago topped $40,000 – crumbling to as low as $32,500.

Bitcoin lost the critical support level of $40,000 last week, and did not hold above subsequent support levels at $38,000 and $35,800. It could drop to as low as $31,500 if current levels fail to hold.