Crypto Market Volatility Continues Amidst Investor Uncertainty.

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Source: CoinDesk
Crypto Market Volatility Continues Amidst Investor Uncertainty.
Photo: CoinDesk
TL;DR Summary

Bitcoin's price dropped below $28,000 on Monday, down 0.4% in the past 24 hours, amid investors' concerns over the Federal Reserve maintaining interest rates higher for longer and economic weakness. Ether was changing hands around $1,833 on Monday, down 0.8% from Sunday. BTC and ETH have sunk 7% and 11%, respectively, over the past week as investors mulled over industry and macroeconomic uncertainties. The BTC-to-gold ratio continued to head north last week, with one BTC equalling 14.7 ounces of gold in early April, up from 9 ounces at the beginning of the year.

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