News > A regulatory push jolts cryptocurrencies; Bitcoin drops sub $20K
A regulatory push jolts cryptocurrencies; Bitcoin drops sub $20K
The Hindu | 19/09/2022 05:19 PM | Click to read full article
Bitcoin, the most popular cryptocurrency, has been losing steam for quite some time now. Last week, crypto-linked stocks fell after U.S. inflation in August numbers came in higher than expected. Bitcoin dropped over 6% on September 13.
The drop seems to be stemming from regulatory concerns on one side, and a gloomy macroeconomic backdrop on the other, which is keeping investors away from risky bets like cryptocurrencies.