On Friday, January 7, the bitcoin rate reached the level of September 2021. The value of the cryptocurrency continued to fall and fell below 42 thousand dollars.
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Bitcoin lost 4.9% in value, reaching $ 41,008. Together with Bitcoin, another cryptocurrency, Ethereum, fell, but by 9% – to $ 3,127. It is also the lowest level since September 30, 2021.
As explained in Bloomberg, the fall came after the minutes of the December meeting of the US Federal Reserve indicated the likelihood of an earlier and faster increase in interest rates than expected. The situation in Kazakhstan also influenced the rate of cryptocurrencies.
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