Bitcoin prices have tumbled to their lowest level in months following remarks from the US Federal Reserve.
The cryptocurrency dropped in value from $47,000 earlier this week to less than $42,000 per digital coin.
This move come minutes after a meeting of the Federal Reserve, which suggested it may raise interest rates.
The fall in prices has seen Bitcoin hitting its lowest price since September 2020, down from a November peak of more than $60,000.
The political upheavals in Kazakhstan have also raised concerns about the network’s capacity — a significant percentage of Bitcoin mining occurs in that country.
Other cryptocurrencies have also seen price falls.
Edited by Jesus Chan
Do you want to add feedback to this story? Please add a comment in the box below or send an email to email@example.com, Call us at 201-500-7715