The price of bitcoin took a hit on Thursday (Nov. 4) in London as investors took in the U.S. Federal Reserve’s plan to decrease how many bonds it purchases, Yahoo reported.
The Fed wants to cut its pace of asset purchases by $15 billion per month, as of this month.
Because of that, the Treasury purchases will go from $80 billion to $70 billion, and government-backed mortgage security purchases will also go down from $40 billion to $35 billion.
As of the announcement, bitcoin had lost…
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