Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike
Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.
What to know:
Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range.
Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%.
Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets.
BTC
67,903.5
+1.74%