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Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop.

As interest rates are bumped up, the impact on digital currencies is being felt, a new experience for many an investor.

Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalise on its dramatic drop.

Cryptocurrency slump: Bitcoin slips to 22-month low, Ethereum at its lowest since late February - Bitcoin has dropped 13% so far in May and has lost more than half its value since it hit an all-time high of $69,000 in November last year.

The latest slide - that takes losses since November to 53% - came as markets around the world tumbled amid fears over the health of the global economy.

Cryptocurrency Bitcoin fell to its lowest level since July 2021 during Monday trade amidst a fall in stock indexes as central banks around the world raised their key interest rates.

The cryptocurrencys losses since early November stand at 54 per cent, echoing the crash in some high-flying US tech star shares.

Sky-high inflation, fear over the Fed’s expected rate hike and exploding commodity prices are all possible reasons for BTC’s recent dip below $40,000.

Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto

By Alun John (Reuters) - Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can ...