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The cryptocurrency "Bitcoin" tumbled to its lowest level since July 2021, with its decline in parallel with the US stock markets .
Bitcoin's decline comes amid concerns about the strong path taken by the Federal Reserve (the US central bank) in tightening monetary policy .
The world's largest cryptocurrency fell to $ 30,331.28, continuing its decline for the fifth consecutive session .
Bitcoin was traded in the latest trading, down 9.8 percent to settle at $30,724 .
Bitcoin has plunged 19 percent since the beginning of May, and has lost more than half its value since hitting an all-time high of $69,000 in November last year .
Ether, the world's second largest cryptocurrency, fell to $2,245, its weakest level since January.
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