Bitcoin at Lowest Level Since Months After US Central Bank Publication

0 27,303

Bitcoin and the stock markets fell sharply on Thursday morning after the publication of the minutes of the US central bank.

 

This shows that US interest rates could be raised faster than expected. And when interest rates rise, investors generally take less risk.

Bitcoin dropped to around $43,000 on Thursday around 9:30 am. That is the lowest level in months. In 24 hours, the cryptocurrency fell nearly 7 percent, calculated CoinMarketCap, which tracks the prices of digital coins.

In November, bitcoin was still at a record high of $69,000. But the new corona wave, with the strongly advancing omikron variant, has already eroded investor confidence.

Other cryptocurrencies such as the ether (-10 percent) also lost significant ground on Thursday.

Leave A Reply