Bitcoin dropped below $22,000 on Tuesday morning as investors pulled out of the cryptocurrency in anticipation of an interest rate hike from the Federal Reserve tomorrow.

Bitcoin dropped to lows of $20,950, according to data from CoinMarketCap,This isn’t the first time bitcoin has taken a tumble. In fact, it’s endured a number of plunges in recent months.

Bitcoin has been on a rollercoaster ride over the past year, and it doesn’t seem to be slowing down anytime soon. The cryptocurrency hit an all-time high of $68,789 in November 2021, only to crash down to around $22,000 this morning.

What’s causing this volatility? Many experts believe that Bitcoin is still in a bubble, and that the price could drop even further before it stabilizes. Others believe that the recent decline is simply a correction after such a large run-up in price.

The Bitcoin fear and greed index is a tool that measures investor sentiment in the market. The index ranges from 0 to 100, with 0 being extreme fear and 100 being extreme greed. The index hit 8 its lowest level since May 2022. This suggests that investors are extremely anxious about the market.

The index is based on data from Google, Twitter, and other sources. It takes into account factors such as search volume, price volatility, and social media activity.

Investors should be cautious when the index is at extreme levels, as it could signal a market top or bottom.