Cryptocurrencies have fallen to lower levels again, due to concerns of regulators over risky assets with rising interest rates around the world.
Bitcoin, the largest cryptocurrency by market value, fell about 8 percent in 24 hours, hitting a three-month low of $18,500.
Meanwhile, Ethereum fell more than 10 percent to a two-month low of $1,300.
Ethereum’s blockchain had a major upgrade over the weekend called Merge that changes the way transactions are processed and cuts power usage.
The cryptocurrency’s value has fallen amid some speculation that remarks by US Securities and Exchange Commission Chairman Gary Gensler hinted that the new structure could attract additional regulations.
