Cryptocurrency prices plummeted all at once.
According to Bloomberg and Reuters on the 21st (local time), the price of Bitcoin plummeted by more than 13% on the day, falling to the $36,000 level.
Altcoins (virtual currencies other than Bitcoin) such as Ethereum also fell.
The total market capitalization of virtual currency has evaporated by nearly 1,400 trillion won from its peak in November last year.
According to Bloomberg News, “Bitcoin has continued to decline after peaking in November of last year, losing $570 billion in market cap (68 trillion won), and about $1.17 trillion (1395 trillion won) in the entire cryptocurrency market. ), there was a loss.”
According to CoinDesk, a cryptocurrency information site, as of 3 p.m. western time in the US, the price of Bitcoin was trading at $36,127.26, down more than 12% from 24 hours ago.
Ethereum plummeted more than 17% to $2546.85.
CNBC, an economic media outlet, reported that the price of cryptocurrencies, a risky asset, plummeted as the US Federal Reserve (Fed) is expected to tighten austerity measures such as interest rate hikes to catch inflation.