Financial TimesFinancial Times

Bitcoin falls below $30,000 for first time since July 2021

By Scott Chipolina

10 May 2022 · 2 min read

Bitcoin has tumbled below $30,000 for the first time since July as interest rate rises send investors fleeing from the riskiest corners of global financial markets.

The world’s most actively traded digital token fell as low as $29,730 in Asia trading on Tuesday, according to Refinitiv data, before recovering to about $32,000 in European activity. It has fallen more than 50 per cent from the high it reached in November.

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