Bitcoin price falls to $43 000 after Fed meeting report was published

All assets in the top 10 by the market capitalization were also in the red zone

06.01.2022 - 11:55

249

1 min

What’s new? Bitcoin price fell below $43 000, hitting multi-month lows. This followed the release of minutes from the Federal Reserve's latest meeting, which showed it was leaning towards more aggressive policy actions. According to CoinGecko, the BTC price fell 5,2% on January 5 and was fixed at $42 700.

Information on the CoinGecko website

What do the experts say? Matt Dibb, chief operating officer of Singapore-based crypto fund distributor, Stack Funds, commented on the situation:

“The first cryptocurrency hit a record high of $69 000 in November. The current fall correlated with the risk-off move across most traditional asset classes. Along with bitcoin, several other major cryptocurrencies were also in the red today.”

The price of bitcoin was also affected by the developments in Kazakhstan. At the time of publication, the internet remains inaccessible in the Republic. On the exchanges, the holders of the coin began to actively get rid of it. In a few hours, the BTC has fallen by more than $4000.

Which cryptocurrencies followed the BTC? In the red zone were assets that were in the top 10 in terms of market capitalization. Ethereum fell 9,9% in 24 hours, Solana fell 12,2% and Polkadot fell 12,5%.

Author: