Bitcoin came under further pressure this week following the release of the minutes of the Federal Reserve’s last policy meeting. It showed that US interest rates could be raised faster than expected. When interest rates rise, investors typically move out of riskier assets such as cryptocurrencies.
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Other cryptocurrencies also fell along with bitcoin. For example, the ether, the second largest digital currency, fell 6 percent to about 3,228 dollars (2,857 euros). That is the lowest level since late September.
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Review here: What should you know about Bitcoins?
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