Bitcoin Plummets to 15-Month Low as Crypto, Stock Prices Tumble

Bitcoin (BTC) experienced a dramatic sell-off this week, sinking below a critical support level and marking its lowest price point in 15 months. The flagship cryptocurrency’s value erosion reflects a broader systemic deleveraging across global financial markets, fueled primarily by persistent high inflation figures and aggressive monetary tightening strategies employed by central banks worldwide.
The primary catalyst for the sustained pressure has been the U.S. Federal Reserve’s commitment to raising interest rates to curb rising consumer prices. This policy shift makes low-yield, low-risk assets more attractive, leading investors to rapidly pull capital out of highly volatile growth and speculative assets like technology stocks and cryptocurrencies. This mass exodus has intensified the correlation between crypto and traditional markets, with major indices like the Nasdaq Composite also recording significant losses.
The volatility extended deep into the altcoin market, where Ethereum (ETH) and other major digital assets saw even steeper percentage declines. Market sentiment has rapidly deteriorated, with the Crypto Fear & Greed Index registering levels of “Extreme Fear.” Analysts warn that until there is a clear sign that inflation is peaking or the Fed softens its stance, the bearish pressure on risk assets, including Bitcoin, is likely to persist, making future price floors highly uncertain.

Source: Bitcoin Plummets to 15-Month Low as Crypto, Stock Prices Tumble