Bitcoin prices experienced a decline or plunge of 2.7% in the crypto market. Meanwhile, the prices of second-tier crypto tokens, such as Ether, Solana and Dogecoin, also experienced bigger losses. Reporting from Bloomberg, the decline in these digital assets occurred on Tuesday (18/6/2024). The price of the Bitcoin Cs token touched its lowest level in a month, at 1:20 pm Bitcoin was trading at around US$65,740 in Singapore. This decline was caused by outflows from digital asset investment products and the prospect of higher United States (US) interest rates in the long term, weakening the crypto market.
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