Bitcoin fell for the eighth consecutive session on Tuesday as the crypto markets continued to tumble. BTCfell to the $20,000 level for the first time since December 2020, whileETHhit $1,000, also a multi-year low.
BTCfell for the eighth straight day, with Monday’s drop making it the lowest since December 2020.
The world’s largest crypto token fell to an intraday low of $20,950.82 in today’s session, following a low of $23,607.69 yesterday.
This latest decline comes as traders prepare for tomorrow’s FOMC meeting, which some expect the Federal Reserve to raise interest rates.