Bitcoin falls to $36,622 as cryptos tumble

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The cryptocurrency market tumbled on Thursday due to expectations of tightening monetary policy in the US and a hack attack a day earlier, resulting in a crypto theft worth more than $320 million.

As of 1305 hours GMT, the market capitalisation shed 5.6 percent to reach $1.76 trillion. The largest cryptocurrency Bitcoin’s (BTC) price shed 5.43 percent to reach $36,622. With this decrease in price, the market capitalisation of the biggest crypto has reached $693 billion.

Bitcoin price decreased by 1.1 percent during the last seven days and briefly plunged below $33,000 last week to its lowest level since July.—TLTP

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