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Bitcoin drops to $43.7K following Fed's re-confirmed plans to hike rates

 Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC meeting re-confirmed plans to get the balance report under control.




Bitcoin(BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve’s December FOMC meeting showed that the controller is committed to decreasing its balance sheet and expanding interest rates in 2022.

As stock markets corrected, BTC price followed suit by dropping under $44,000 setting off a cascade of liquidations that came to reach $222 million in under an hour

Read full story on https://cryptounity.news/bitcoin-drops-to-437k-following-feds-re-confirmed-plans-to-hike-rates

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