Bitcoin Plummets to $66,000, U.S. Stocks Slip Amid Fed Rate Hike Talks
Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.
Bitcoin has taken a nosedive, plummeting to $66,000, marking its fifth straight week of decline amid a volatile market.
The cryptocurrency's downward spiral comes amidst U.S. stocks losing steam as the Federal Reserve minutes hint at a potential rate hike, sparking investor concerns.
Market analysts are closely monitoring the situation, noting that if Bitcoin fails to stabilize at this level, further losses could be on the horizon.
Stay tuned for more updates on this developing story.
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