Bitcoin Price Hammered Below $25,000 Amid The Fed’s Hawkish Tone, SEC Lawsuits

For the first time since mid-March, Bitcoin price dropped below $25,000 as trade volumes decreased and the U.S. Federal Reserve left interest rates untouched based on projections but warned of additional hikes this year to combat inflation. At the time of writing, Bitcoin was trading at $24,995, down 3.8% in the last 24 hours, data from crypto market tracker CoinMarketCap shows.