Latest Bitcoin Drop Comes After US Fed Meeting

(MENAFN) Bitcoin costs have fallen to the lowest rates in months after the United States released information on the Federal Reserve. The value of the cryptocurrency has fallen from $ 47,000 previously this week to less than $ 42,000 for each digital coin.

This cut only took place a few minutes after the Federal Reserve meeting, as it involved information about the interest rate hike. The capacity of the network has also been affected by the political conflicts in Kazakhstan.

Since Bitcoin is getting an international and decentralized character, it is difficult to say that the reason for the coin’s rise or fall dates back to an incident. However, many analysts believe the Federal Reserve issuance plays an important role in the latest updates.

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