ICYMI: Bitcoin’s price hits 1-month low as US stock prices fall
The macro picture was a cloudy one as US stock markets closed Wednesday. The Federal Reserve, in newly-published minutes, indicated that it may raise interest rates sooner than previously expected, as noted by
. At the same time, the Fed floated the potential for a balance-sheet reduction in the wake of such moves.Today's price decline represents the lowest figure since December 4, when the price of bitcoin fell to $42,333 on Coinbase, as shown in the chart above. Bitcoin's all-time price high occurred on November 9, reaching the $69,000 mark on Coinbase.
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