Bitcoin Sinks to $18.5K Due to Regulatory, Interest Hike Concerns

Bitcoin fell to a three-month low as cryptocurrencies took a dip on Monday ahead of global monetary tightening concerns and amid regulatory concerns.

According to Bloomberg, the largest digital token was at the cusp of the lowest level since 2020 to as much as 6.7% and was trading at $18,500 as of 7:10 am in London. While Ether, the second largest cryptocurrency, shed up to 6.2%, struggling to hold the $1,300 mark. 
Regulatory concerns and monetary tightening are expected to stretch from Europe to the US this week, and investors globally have turned shy on risky assets.
Investors are preparing for volatility due to the major …

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