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Bitcoin’s price hits 1-month low as US stock prices fall

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Bitcoin’s price fell to a one-month low on Wednesday amid a broader decline across stock markets.

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 Bloomberg. At the same time, the Fed floated the potential for a balance-sheet reduction in the wake of such moves. 

According to data from TradingView, bitcoin’s price hit a low of $43,879 on Coinbase

Bitcoin’s price hits 1-month low as US stock prices fall Blockchain CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
Source: TradingView

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.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Source: https://www.theblockcrypto.com/linked/129344/bitcoins-price-hits-1-month-low-as-us-stock-prices-fall?utm_source=rss&utm_medium=rss

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