Bitcoin falls to its lowest level in 9 months and drags down other cryptocurrencies

The price of bitcoin registers a fall again, which drags down the rest of the cryptocurrencies.


The price of bitcoin collapsed this Monday to its lowest level in more than nine months, weighed down by investor fears and dragging the other cryptocurrencies with it .

After a record-breaking year in 2021, Bitcoin is facing several difficulties in 2022: with its fall of 4.3% on Monday, to 32,762 dollars by 11:25 GMT, it has lost almost a third of its value in what year to date and more than 50% since it reached its all-time high.

“There is a correlation with risk assets that is evident, especially the Nasdaq,” the US stock index that groups many technology companies, said Neil Wilson, an analyst at

Those assets are undermined by the prospect of a tightening of monetary policy in the United States, as the spigot of the abundant liquidity that had fueled a rise in valuations will be closed with the increases in the US Federal Reserve (Fed) rates. .

Like bitcoin, the other cryptocurrencies also suffered losses. For example, the value of Ethereum was down 7.4% to $2,382 on Monday.

According to the Coingecko portal, which monitors the valuation of more than 13,000 cryptocurrencies, the market already represents a little more than 1.5 billion dollars, compared to more than 3 billion last November, when it reached its peak. AFP.