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Bitcoin Slips 10% to Touch $20,000, Ethereum Down 15%

Bitcoin continued its slide overnight, with the leading cryptocurrency by market cap slipping to a new 52-week low of $20,184, according to data from CoinMarketCap. The top cryptocurrency has lost a third of its value over the past week amid rising inflation rates and an anticipated rate hike from the U.S. Federal Reserve. The market capitalization of Bitcoin has tumbled from $1.27 trillion in November 2021 to under $386 billion today. Ethereum (ETH), the second-largest cryptocurrency, is down over 15%, and is currently trading at $1,029. With a current market capitalization of $128.79 billion, Ethereum has lost almost 80% of its value since its all-time high of $4,891.70 recorded in November 2021, according to CoinMarketCap. Why is crypto crashing? The primary reasons behind today’s bearish action...

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