The value of Bitcoin has fallen by nearly 5% in the last 24 hours to just under $33,000.

Bitcoin is the world's largest digital currency. The value of the cryptocurrency has recently depreciated after markets around the world have tumbled over the last few days.On May 4th, the coin would briefly reach over $40,000 after the Federal Reserve announced that it planned to fight inflation without larger rate hikes.However, Bitcoin's price has continued to fall since this point.Today, the cryptocurrency has reached its lowest point since July 2021. Each Bitcoin is now currently worth $32,650.

This less than 50% of what Bitcoin was worth in November 2021, where it reached a peak price of $68,990.90Crypto expert Wendy O commented on the situation on her TikTok, stating: "Interest rates increased, crypto markets dumped. As far as Bitcoin goes, it looks like we're going to kiss the $35,000 area."

"Personally, I feel we may bottom out at $29,000 again and get a pump in July. This is why you should have a bullish and bearish plan because the markets can switch super fast."Today, Japan's Nikkei index fell by 2.5%, London's FTSE 100 by more than 2%, while the Dow Jones, S&P 500 and Nasdaq lost more than 1%.Dara Khosrowshahi, the chief executive of Uber, gave a comment to the BBC after the companies shares dropped by more than 5%.Stating that, "It's clear that the market is experiencing a seismic shift and we need to react accordingly."

The average employee at Uber is barely over 30, which means you've spent your career in a long and unprecedented bull run. This next period will be different, and it will require a different approach."The recent fall in Bitcoin is likely due to market uncertainty, in which investors are selling assets that they deem to be riskier, such as cryptocurrency.