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Concerns about persistent inflation

Concerns about persistent inflation

Bitcoin, ether near multi-month lows following hawkish Fed minutes.

  • Asian share markets slumped, and European stocks were poised for a lower open after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.
  • #BTC fell below $43,000, testing multi-month lows after minutes from the Federal Reserve's last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets.
  • #USD took a breather in its climb towards a 14-month high, after riding the tailwind of minutes from the Federal Reserve's December policy meeting which bolstered interest rate expectations.


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