Bitcoin Tumbles to Fresh 21-Month Low Amid Dollar Strength

Bitcoin has hit a fresh 21-month low, falling to $57,742 in Asia trading. This is its lowest level since September 17, 2024.

The cryptocurrency's price drop comes as investors worry about the impact of higher interest rates and a strong US dollar on the market.

According to CoinDCX Research Team, Bitcoin has faced a notable pullback from above $60,000. It is currently trading around $59,000.

The top gainers for the day are MemeCore, Stellar, and Pyth Network, with 18.92%, 12.50%, and 7.87% surges respectively.