Earlier, the price of the largest cryptocurrency by market value slipped as low as $45,479 on the Bitstamp exchange, the lowest point since Dec.
Cryptocurrency analysts said a new sense of bearishness may have crept into the market after this week’s announcement by the Federal Reserve that it will accelerate the withdrawal of monetary stimulus.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.