Bitcoin plunged to a 10-month low and hit the lowest price in 2022. Ethereum's price fell below the $3,000-mark.
Bitcoin's price on Tuesday was hovering around the $32,000-mark after hitting a 10-month low. Other cryptocurrencies, including Ethereum, were in red.
The cryptocurrency market was suffering due to a sell-off triggered by the aggressive monetary tightening by the US Federal Reserve.