Bitcoin plunged to $57,742 in Asia trading, marking its lowest since September 2024, as rate-hike fears drive a prolonged downturn below key technical levels.

Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.

Bitcoin has plunged to a 21-month low, driven by anticipated interest rate hikes and worries over a major corporate buyer's shifting strategy. Investors are pulling funds from…