Bitcoin was in free fall this morning. At 5:30 this morning (January 6), the Bitcoin price fell 6.43% and hovered at $42,798.22, slowly rising.
Bitcoin’s negative performance came after the Dow fell 392 points following reports that the Fed would raise interest rates at a faster pace.
The Dow Jones index closed down 392 points on Wednesday (Jan. 5) after the U.S. Federal Reserve (Fed) released the minutes of its meeting. Some suggest that the monetary policy committee is ready to raise interest rates faster than expected, given the resurgence of inflation.
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Thursday, January 6, 2022