• Bitcoin sinks to $66,000, U.S. • stocks lose steam as Fed minutes mention possible rate hike Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower. • What to know: Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range. • Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%. • Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets. • After chopping around early Wednesday, bitcoinBTC$66,485.92rolled over during the U.S.
Article Summaries:
- Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower. What to know: - Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range. - Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%. - Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets. After chopping aro
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