The bitcoin and crypto crash comes after Federal Reserve meeting minutes revealed the officials agreed to begin reducing the bank’s yawning balance sheet by $95 billion a month, likely beginning in May.
“The prospect of continued monetary tightening by the Federal Reserve has unnerved stock market investors that have enjoyed the benefits of accommodative policies from the U.S.
Meanwhile, business intelligence software company-turned bitcoin-accumulator MicroStrategy this week announced it had bought another tranche of bitcoin, spending $200 million.