Bitcoin Price Crash Wipes Out $89 Billion as Fed Rate Hike Odds Hit 44%

The post Bitcoin Price Crash Wipes Out $89 Billion as Fed Rate Hike Odds Hit 44% appeared first on Coinpedia Fintech News

The global crypto market cap fell 3.2%, wiping out $89.36 billion to reach $2.71 trillion. Meanwhile, Bitcoin the pioneer cryptocurrency dropped from a 24-hour high of $83,700 to below $81,000 after U.S. inflation came in hotter than expected, raising the odds for a Fed rate hike to 44%. The market drop triggered nearly $1 billion …