Bitcoin has taken a massive tumble, the most in over 2 Months
The most popular crypto currency dropped more than 7 per cent on Thursday.
The decline was knock off effect from the fall in the prices of stocks and bonds.
This comes just one day after crypto and traditional markets soared on Federal Reserve Chairman Jerome Powell’s comment that the US central bank wasn’t likely to raise interest rates by more than 50 basis points.
On the back of the news, bitcoin fell on Thursday to a 24-hour low of just over 36-thousand dollars according to data from TradingView.
That was the lowest price since the end of February and marked the biggest one-day decline since March 4.
Analysts say that with the Nasdaq down over 5 per cent, it shows bitcoin isn’t immune from macroeconomic changes hitting stocks too
