Prices of virtual assets, including Bitcoin, fell across the board. The move is seen as driven by a surge in international oil prices that heightened the likelihood of a benchmark rate hike.
According to CoinMarketCap, a global virtual asset market tracking site, as of 8 a.m. on the 30th, Bitcoin was trading at $66,163 per coin. It was down 4.66% from a week earlier and 0.82% from 24 hours earlier.
Around the same time, Ethereum stood at $1,983. It fell 3.94% from a week earlier and 1.23% from 24 hours earlier.
Elsewhere, BNB fell 1.6% from 24 hours earlier to $605.3, XRP fell 1.37% to $1.32, and Solana fell 1.91% to $81.13.
The decline stems from concerns about a benchmark rate hike. The market had expected the U.S. Federal Reserve to cut rates this year. But the war involving the United States and Israel against Iran has sent oil prices soaring, raising the need for rate hikes.