{"id":26527,"date":"2022-09-19T14:37:42","date_gmt":"2022-09-19T14:37:42","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low"},"modified":"2022-09-19T14:57:26","modified_gmt":"2022-09-19T14:57:26","slug":"bitcoin-falls-to-3-month-low","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low","title":{"rendered":"Bitcoin falls to 3-month low"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Bitcoin fell to its lowest level in three months on Monday as the cryptocurrency market faces a sell-off ahead of the US Federal Reserve\u2019s critical monetary policy meeting this week.<\/p>\n

The price of the world\u2019s largest crypto by market size plummeted to $18,232 at 0630GMT, the lowest since June 19.<\/p>\n

It was trading around $18,650 by 1042GMT for a 6.6% daily loss.<\/p>\n

Ethereum dove to $1,280, its lowest level since July 16. The world\u2019s biggest altcoin by market value was trading around $1,316 at 1043GMT for an 8.2% daily decline.<\/p>\n

Some altcoins saw their price diving as much as 12% on the day.<\/p>\n

The total value of the cryptocurrency market plummeted 6.3% to $908 billion, according to data from the digital asset price-tracking website CoinMarketCap.<\/p>\n

The crypto sell-off comes as investors fear the Fed could go for a rate hike of 100 basis points, instead of 75 basis points, during its two-day monetary policy meeting this week to tame spiraling inflation in the US.<\/p>\n

If that does happen, it would the steepest rate hike in more than 33 years, as the Fed last increased interest rates by 100 basis points in February 1989.<\/p>\n

The probability of a hike of 100 basis points climbed as high as 34% last Wednesday, but it was at 20% by 1045GMT on Monday, according to the FedWatch Tool provided by US-based global markets company Chicago Mercantile Exchange Group.<\/p>\n

Indexes in the US stock market recorded their worst single-day loss in 2022 last Tuesday due to a massive sell-off after annual consumer inflation in the country hit 8.3% in August.<\/p>\n

On Monday, the Dow Jones, S&P 500 and Nasdaq futures were down almost 1%, pointing to another possibly weak opening and trading day.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Bitcoin fell to its lowest level in three months on Monday as the cryptocurrency market faces a sell-off ahead of the US Federal Reserve\u2019s critical monetary policy meeting this week. The price of the world\u2019s largest crypto by market size plummeted to $18,232 at 0630GMT, the lowest since June 19. It was […]<\/p>\n","protected":false},"author":84,"featured_media":26526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-26527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBitcoin falls to 3-month low - Mozambique<\/title>\n<meta name=\"description\" content=\"Bitcoin fell to its lowest level in three months on Monday as the cryptocurrency market faces a sell-off ahead of the US ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin falls to 3-month low\" \/>\n<meta property=\"og:description\" content=\"Bitcoin fell to its lowest level in three months on Monday as the cryptocurrency market faces a sell-off ahead of the US ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-19T14:37:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-19T14:57:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_6-6328833de966f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bitcoin falls to 3-month low\",\"datePublished\":\"2022-09-19T14:37:42+00:00\",\"dateModified\":\"2022-09-19T14:57:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\"},\"wordCount\":286,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_6-6328833de966f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bitcoin-falls-to-3-month-low\",\"name\":\"Bitcoin falls to 3-month low - 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