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The major sell-off on Tuesday started after crypto exchange major FTX asked for the help of rival, Binance, because of liquidity issues, which highlighted the fragile nature of the crypto market and instigated fears of vulnerability. Bitcoin dives further to $27,785, hovering around lowest level in 16 months. The price of Bitcoin dove further to $27,785 on Wednesday and was hovering around its lowest level in 16 months. It fell to $29,000 at 4.53 p.m. EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. With that result, Bitcoin broke below the price of $29,303 that was recorded on July 20 last year, which was regarded by many crypto investors as a strong support level. Bitcoin struggled to find support at $29,000 and further plummeted to $28,200 just after three minutes with a panic selloff and later plummeted to $27,785 at 5.28 p.m. EDT (2128 GMT). The latest figure marked the lowest since Dec. 30, 2020, when it fell to $27,418, according to official figures. The US stock exchanges rallied Wednesday after the Fed raised its benchmark interest rate by 75 basis points on Wednesday, marking its low dep casino bitcoin biggest hike in 28 years, and signaled that another 75 basis points of rate hike is on the table for July. Bitcoin dives to lowest level in 18 months with $200B weekly loss. The price of Bitcoin on Tuesday dove to its lowest level in 18 months as the sell-off continues in cryptocurrency and global equity markets with fears of recession stemming from the Federal Reserve's rate hikes. Dep Sezon 9.