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The total value of the cryptocurrency market was down 7.1% to $963 billion at 0537GMT, which is more than a $300 billion loss in less than a week. The massive losses in the crypto market come as US stock exchanges continue to plummet amid fears that the Fed's aggressive monetary tightening against record-high inflation could cause a recession in the world's biggest economy. The price of Bitcoin, the world's largest crypto by market size, managed low dep casino bitcoin climbing to almost $23,000 early Thursday, but later fell to $21,230 at 9.10 a.m. The S&P 500 lost 3.9%, while the tech-heavy Nasdaq dove 4.7%. The Fed's two-day meeting will conclude on Wednesday at 1800GMT, and it is widely expected to make another 50 basis point rate hike. The central bank could signal 75 basis points of interest rate increase for its September meeting to tame consumer inflation that annually rose 8.6% in May. Bitcoin hits lowest level since November. The value of bitcoin slipped below the $5,800 mark Friday -- its lowest levels since November as security and regulatory concerns overwhelm buyers. As the world's most valuable and popular cryptocurrency, bitcoin fell to as low as $5,790 after it soared more than 1,300 percent during 2017 to end the year at $13,863. Last year, it managed to climb to an all-time high of $19,892 on Dec. 17. Since then, the cryptocurrency lost around 71 percent in value and 58 percent since the beginning of this year. Concerns about security and rising regulations have so far kept global investment banking firms and large money managers away from investing in bitcoin and other cryptocurrencies. However, there are still sizable small- and medium-scale investors who find virtual currencies as an instrument for various reasons -- from seeking short-term profits to taking investment out from Asian countries, or using it for illegal transactions. (Buhârî, Merdâ, 6; Müslim, Birr, casino 54) Türkçe Okunuşu: Euzu bi izettillahi ve kudretihi min şerri ma ecidu.