Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes ‘Short-Term Jitters’

Bitcoin’s price has fallen to its lowest point in over a week as traders stare down prospects of shifting U.S. monetary policy and continued tightening of regulation of cryptocurrencies in China.

At 20:00 UTC on Monday, the price of the world’s foremost crypto began declining from around $35,466 to a low of $33,221. Prices were up slightly on the hour, and one bitcoin was changing hands for roughly $33,793 at the time of publication.

The move marked the largest single daily loss for the…


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