Bitcoin Wobbles Further Bitcoin (BTC-USD) has lost about 30% of its value over the past seven sessions, currently hovering around the $21,000 handle. The multi-month consolidation has taken its toll on the largest cryptocurrency by valuation, triggering massive sell-offs and liquidations. Although BTC jumped 8% on June 15 following the Federal Reserve's latest 0.75% interest rate hike - the largest since 1994 - short-term panic selling isn't showing any signs of abating. Meanwhile, crypto lending firm Celsius' recent action to "temporarily halt" withdrawals and crypto venture firm Three Arrows Capital (3AC) hinting at possible insolvency added more fuel to the fire.
