“Bitcoin” drops the price “on the ground”, has never been lower in the last 18 months

The world's largest kryptomite, Bitcoin, fell on Monday in Asian trading at the lowest level in the last 18 months. The decline was influenced by disturbing inflation data in the United States, which caused uncertainty in investors.

Bitcoin's value dropped by 8.9 percent to 24.903,49 dollars, which is the lowest level since December 2020, “Bloomberg” reported on Monday.

Other cryptols also fell.

The MVIS index, which measures the value of 100 main cryptoids, fell by 9.7 percent.

Analysts say cryptovaluts are in the forefront of Federal Reserve monetary policy, which should decide this week for a new increase in the interest rate of reference so that “cools” high inflation.

Some even estimate that bitumen could fall below $15,000 because of the climate created, respectively, the fear that has engulfed the market.

Traders are betting on increased aggressive growth in the Federal Reserve's interest rates after it was announced Friday that U.S. inflation reached 8.6 percent in May, compared to the same month in 2021, its highest level since December 1981.