Bitcoin Tumbles From Multi-Month High on DOJ Worry, Hawkish Fed

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Blink and you missed it. No sooner did bitcoin surge to a multi-month high of $21,550 did sellers emerge, sending it down $1K in a matter of minutes. An upcoming DOJ announcement and hawkish Fed gave traders an excuse to sell. oknightcrypto reports

a major international crypto enforcement action coming at noon ET. There were also some hawkish comments from St. Louis Federal Reserve President Jim Bullard, who suggested the central bank should hike interest rates by 50 basis points at its next meeting in February versus market expectations for a 25 basis point move.

All three major U.S. stock market indices are also in the red, with the Dow Jones Industrial Average leading the downside with a 1% decline.Among crypto-related stocks pulling back are Coinbase down 4%, Marathon Digital down 17%, and MicroStrategy down 11%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

OKnightCrypto I believe it's just a small speed bump on the road to recovery. Giving some buying opportunity to increase profit margins

OKnightCrypto They are trying to be the crypto police once again.

OKnightCrypto 😂😂😂

OKnightCrypto ERTHA, the best and most promising metaverse!!!

OKnightCrypto The neigh sayers are back. Bitcoin don’t give a fuck about DOJ. Buy every dip you can and hold for next 15-24 months. Smile and Enjoy life. The DOJ cannot stop bitcoin. The United States cannot stop bitcoin. Nobody can stop bitcoin.

OKnightCrypto Mester came out of the grave today

OKnightCrypto You got it right

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin price dips sharply ahead of DOJ crypto enforcement announcementBitcoin's price fell sharply late Thursday morning, a move that came after days of steady gains. I can't handle all the emotions
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Hits Highest Point Since September – Market Updates Bitcoin NewsBitcoin rose to its highest level since September, as markets prepared for the release of U.S. retail sales data. Bitcoin remains firmly under 21K, looking determined to reach a new bottom of 21.5K. Low supply + low mcap + Quality partners + Big launches + New website + MARKETING and at the end of them NEW ATH 2023forMBP MBP $MBP PadMobi enjin bloktopia sirlibz12 100x 2023forMBP MBP $MBP PadMobi enjin bloktopia sirlibz12 1337H4x0rerc 1337 h4x0r eth
Source: BTCTN - 🏆 531. / 51 Read more »