Bitcoin is trading below $43,000, after a significant fall Thursday, in the midst of a broader decline across markets, following the news on Federal reserve tightening monetary policy shifting investors away from riskier assets like stocks and cryptocurrencies.
Bitcoin has touched a new low since September, as the world’s largest cryptocurrency with a market capitalization of over $800 billion lost more than 37 percent of its value from a record high of $69,000 in November. It has lost more than eight percent since Wednesday, based on data from Coinbase. As more exchanges and institutions deal in cryptocurrencies, the fluctuations in the market have started correspondingly affecting the niche segment. Altogether, around $200 billion was wiped off crypto markets in a day.
