Bitcoin Plunges To Lowest Level Since January 2021 Today

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Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off.

The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as U.S. inflation levels were reported above market expectations and a macroeconomic risk-off movement keeps gaining traction globally.

Bitcoin drops to lowest level since January 2021

Bitcoin drops to levels last seen in January 2021. Image source: TradingView

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