Below $33,000, Bitcoin Hits Lowest Price In 10 Months

Bitcoin, the world’s largest crypto by market cap, on Monday dropped below $33,000 for the first time in 10 months. 

The volatile asset had last recorded its lowest price in July 2021. The digital currency recently fell as low as $38,000 from an all-time high of $68,990 recorded in November 2021.

The Bitcoin price dropped by 5 per cent to $32,832 at 15:00 GMT +1, as the crypto-currency continues to struggle back to its highest level since the beginning of the year.

Other coins such as Ethereum sold at $2,412, Dogecoin (DOGE) fell 6 per cent to $0.1176, while Shiba Inu (SHIB) dropped 11 per cent to $0.0000167.

The global cryptocurrency market cap fell to $1.58 trillion, with Bitcoin’s $627 billion accounting for just under 40% of that sum.