Bitcoin fell from the $18,000 mark after the Fed raised its benchmark interest rate and indicated there would be further hikes next year.
Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital.fell on Thursday after the U.S. Federal Reserve indicated further interest rate hikes ahead and investors continued to monitor the fallout from the collapse of cryptocurrency exchange FTX.
It came after the world's largest digital currency topped £18,000 Wednesday for the first in more than a month, trading as high as $18,356.50.
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