Skip to main content
Back to news
Markets

Bitcoin Falls to 12-Week Low Amid Concerns Over Federal Reserve Rate Policy

(2 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin dropped to its lowest price in 12 weeks as fears about the Federal Reserve's interest rate decisions weighed on markets. The decline has reversed much of the gains Bitcoin made during the summer rally.

WHY IT MATTERS

The Federal Reserve is the central bank of the United States, and one of its main tools is setting interest rates — essentially the cost of borrowing money.

Read the full analysis with a CryptoBipto membership

Members read why every story matters and the full analysis behind it.

SOURCES

  • decrypt.co

RELATED

BTCBitcoin PriceFederal ReserveInterest RatesMarket Sentiment