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2022-01-07

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Bitcoin Drops Below $42,000 to Lowest Level Since September

Bitcoin continued a weeks-long drop on Friday, falling below $42,000 to levels not seen since Septem

Bitcoin Drops Below $42,000 to Lowest Level Since September

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops Below $42,000 to Lowest Level Since September\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-07 14:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-07/bitcoin-drops-below-42-000-to-lowest-level-since-september><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin continued a weeks-long drop on Friday, falling below $42,000 to levels not seen since September.The largest cryptocurrency declined as much as 4.9% to $41,008, marking a tumble of about 40% ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-07/bitcoin-drops-below-42-000-to-lowest-level-since-september\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-07/bitcoin-drops-below-42-000-to-lowest-level-since-september","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198673233","content_text":"Bitcoin continued a weeks-long drop on Friday, falling below $42,000 to levels not seen since September.The largest cryptocurrency declined as much as 4.9% to $41,008, marking a tumble of about 40% from its record near $69,000 reached Nov. 10. Second-largest Ether dropped as much as 8.3% to its lowest level since Sept. 30.The retreat comes after minutes from the Federal Reserve’s December meeting, published Wednesday, flagged the chance of earlier- and faster-than-expected rate hikes as well as potential balance-sheet rundown.“The Fed’s intention to reduce the balance sheet in Q1 2022 is the primary cause of this sell-off,” Fundstrat strategists said in a note Thursday. “Unfortunately, no immediate support looks likely ahead of September 2021 lows at $39,573, with breaks of that leading down to last summer’s May-July bottom.”Bitcoin gained about 60% last year, outperforming other asset classes amid a narrative that included institutional adoption, inflation protection and investment diversification. It’s struggled in recent weeks, though, amid a volatile period for financial markets. 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