Bitcoin Sinks to , 10-Month Low.<br />Reuters reports that on May 9, <br />Bitcoin hit its lowest point since July 2021.<br />At one point, it dropped to $32,763.16.<br />Reuters reports that since the cryptocurrency reached an all-time high of $69,000 last November.<br />it has lost over half its value and <br />fallen 13% in May thus far. .<br />Matt Dibb, COO of crypto platform <br />Stack Funds, addressed the current trend.<br />I think everything within crypto is still classed as a risk asset, and similar to what we've seen with the Nasdaq, most crypto currencies are getting pummeled, Matt Dibb, COO of crypto platform Stack Funds, via Reuters.<br />As the U.S. Federal Reserve continues to hike interest rates to battle inflation.<br />the Nasdaq dropped 1.5% last week, losing 22% year to date.<br />Reuters reports that Ether, the second-biggest cryptocurrency in the world, also hit its lowest point since February on May 9 at $2,360
