watermark logo

0 Views· 27 June 2022

Bitcoin Price Tumbles Nearly 9% , Cryptos Plunge on Hawkish Fed Minutes #cryptonews


leandralipsey
Subscribers

Bitcoin price tumbles nearly 9% , cryptos plunge on hawkish Fed minutes The world's biggest cryptocurrency by market value was down 7.3% over the 24 hours to 11.10 a.m. Ethereum, the second-biggest token, had plunged more than 10% to $3,395. The sharp drop put bitcoin more than 35% below a record high of close to $69,000 touched in November. The crypto sell-off began Wednesday after the Fed released "hawkish" minutes from its December meeting, which showed the US central bank could tighten monetary policy faster than previously expected. In December, the US central bank said it would speed up reductions in its bond purchases and signaled that interest rates would rise in 2022 as it grapples with the strongest inflation in 39 years. Yet the minutes released Wednesday show policymakers could well go even further and faster than that, and the central bank could even start selling the bonds it bought during the coronavirus crisis.


Music: Mangoe
Musician: Jeff Kaale


freenvesting
investing
stocks
stock market
stock market investing
how to outperform the stock market
berkshire hathaway annual meeting
warren buffett annual meeting
warren buffett
warren buffett motivation
warren buffett speech
warren buffett with subtitles
investing basics
warren buffett investment strategy
warren buffett interview
warren buffett advice
introvert
warren buffett introvert
warren buffett lifestyle
advice for introverts
introvert problems
buffett

Show more


Up next


0 Comments