Bitcoin price drops after touching $18,000 Fed interest rate decision

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.

Nicolas Economou | Nurphoto | Getty Images

Bitcoin 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…


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