2022 Bitcoin Price Latest Updates: Bitcoin Price Falls 54% From Its High

The world's largest cryptocurrency fell to $31,000. The cryptocurrency market has continued its decline over the past week, reflecting the decline of the broader stock market

The world's largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, down 10% from 5 pm on Sunday. EDT, as per prices from CoinDesk. The price of bitcoin is down 54% from its all-time high of $67,802 in November

It is on track for its worst five days since the five days ended March 16, 2020, when it fell nearly 38%

Ethereum, the second-largest cryptocurrency, fell on Monday to $2,286.10, down nearly 10% from Sunday evening's price

Bitcoin and cryptocurrencies are more widely known for their violent price swings. Individual investors controlled the market for years, but institutional investors, such as hedge funds and money managers, are beginning to dominate

With more professional investors trading crypto, the market is increasingly moving in line with traditional markets

Many institutional investors who buy cryptocurrencies see them as risky assets, similar to technology stocks. During turbulent times, investors tend to retreat to the safer corners of the market

The stock market fell last week, a day after the Federal Reserve announced a half-point hike in its biggest rate since 2000 to fight inflation

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