Bitcoin price fell to its lowest level in 3 weeks

The price of the cryptocurrency bitcoin fell today, Friday, to its lowest level in 3 weeks, on the back of the decline in the attractiveness of high-risk assets in global markets, with the continued increase in the world’s key interest rates.
And Bloomberg News Agency reported that Bitcoin fell in early trading today by 8.3%, reaching its lowest level since late July.

The world’s largest cryptocurrency recouped part of its losses later in the day, falling by 6% to $21,990 per unit in London trading.

The cryptocurrency Ether and other smaller currencies also recorded a sharp decline today. The Avalanche, Cardano and Solana currencies fell more than 10% in some trading periods.

Within one hour of today’s trading, approximately $220 million worth of cryptocurrencies were liquidated, which indicates a widespread exit from this market.

The share of Bitcoin was about half the value of this amount, according to data from the Coinglass platform, which is concerned with cryptocurrency.