The digital currency Bitcoin has fallen to its lowest level since mid-June. The Bitcoin price fell by a good two percent to $25,136. It briefly fell below $25,000. Other digital currencies also fell.
“Risky asset classes such as Bitcoin and Co are still in the grip of global inflation and interest rate concerns,” said analyst Timo Emden, explaining the losses. “Anything that has to do with risk is obviously being avoided at the moment.” In addition, investors would be cautious about the publication of important inflation data from the USA and the European Central Bank’s interest rate decision.
