The bitcoin price has lost around 40% from its peak of almost $70,000 per bitcoin late last year with the ethereum price also down by nearly half.
Early in the Covid-19 pandemic, the Federal Reserve began an unprecedented stimulus program that saw its balance sheet double and interest rates fall to historic lows as it flooded markets with cash in an effort to offset the economic damage of Covid-19 and lockdowns.
However, economic data has this week shown the U.S.
The bitcoin price has fallen sharply from its all-time high, dragging down the price of other top …