Bitcoin fell by about 6% to $42,500, and Terra (LUNA), which recently saw its high, retraced to $ 73. It is estimated that the reasons for this decrease are the published minutes of the FED and the events in Kazakhstan.
FED Report
The details of the meeting, which was held on December 14-15, were announced. In the minutes, the possibility of an earlier increase than the expected rate hike came to the fore. Fed in March interest rate hike Waiting.
Most of the people who attended the meeting agreed that inflation would increase even more. Stocks in the US with the release of the minutes a sharp fall lived. Technology-focused index known to move in line with Bitcoin Nasdaq Composite, 3.34% on the day while in decline, Dow Jones and S&P 500 closed the day negative.
Kazakhstan government resigns and shuts down internet
bitcoin of mining Kazakhstan, which is one of the countries where it is made the most, in fuel prices As a result of the large increase in confusion lived. For this reason, the Presidential Cabinet of the country resignation did. Later, the state-owned Kazakhtelecom company turned off the internet.
With the closure of the internet, the Bitcoin mining activity in the country has taken a serious turn. with the problem encountered. According to the Ycharts site, the Bitcoin hash rate will increase after the internet shutdown. 13.4% regressing 205,000 from pentahash, 177,330 fell into pentahash.
According to the map prepared by the University of Cambridge, Kazakhstan, the mining activity of bitcoin 18% of forming.
At the time of writing, Bitcoin (BTC) today 0.85% It is declining and watching at $ 43080.