Russia proposes ban on use and mining of cryptocurrencies

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Bitcoin (BTC) Price Plunges 6% to Hit 5-Month Lows

January 21, 2022 7:20 AM EST

Cryptocurrencies, led by Bitcoin (BTC), dropped sharply overnight as high-risk assets continue to struggle in the current market environment.

Bitcoin price lost around 7% to hit low $38,000s, which are the lowest levels seen since August. Ethereum (ETH) price plunged almost 8% in the last 24 hours to hit $2,809.51.

The drop comes on the heels of... More