Make at least 50.000$ monthly trading crypto Follow professional Trading signals for FREE. I'm going in!

Bitcoin falls from multi-month high due to DOJ concern and hawkish Fed

2 min reading

Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

The cryptocurrency had reached its highest peak earlier on Wednesday, before the FTX collapse.

Powered by Froala Editor

The price of bitcoin (BTC) has dropped by about $1,000, or 2.6%, to $20,600 in just two hours after rising to a four-month high of around $21,550.

During the sudden drop, more than $107 million was liquidated across all crypto derivatives markets, according to Coinglass.

The U.S. Department of Justice (DOJ) teased the announcement of a significant global crypto enforcement action coming at noon ET, which contributed to the decline. Jim Bullard, president of the St. Louis Federal Reserve, also made some hawkish remarks, saying that the central bank should raise interest rates by 50 basis points at its next meeting in February, instead of the 25 basis points that the market was expecting.

The Dow Jones Industrial Average, with a 1% loss, is heading the downside for all three major U.S. stock market indices, which are also down.

Ether (ETH) has decreased by 4% to $1,511.

Coinbase (COIN) is down 4%, Marathon Digital (MARA) is down 17%, and MicroStrategy (MSTR) is down 11%, all of which are crypto-related stocks.

The authorities have detained the founder of the unknown crypto platform Bitzlato and accused it of laundering money linked to illegal Russian finance. Bitcoin has slightly recovered and is now trading just under $21,000, indicating that the major may have been overhyped. 

ALSO READ- Dogecoin carbon emissions down by 25% after Elon Musk collaboration

Currency Exchange rate Buy cryptocurrency

TradingSignals News
Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the TradingSignals.ai (www.TradingSignals.ai). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the news.tradingsignals.ai/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TradingSignals.ai c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the TradingSignals privacy policy is available in this document.

Advanced settings can be changed in your browser.