Cryptos decline, Bitcoin falls under $39,000 - Breaking The News

Cryptos decline, Bitcoin falls under $39,000

18 April

1 min read

Cryptocurrencies decreased on Monday, with Bitcoin dropping below the $39,000 mark at 4:30 am ET, as concerns have possibly been raised due to Federal Reserve Bank's latest comments on tightening monetary policy in order to curb inflation.

Federal Reserve Bank of St. Louis President James Bullard previously shared that it is a "fantasy" to assume that a neutral stance from the central bank will bring inflation down to pre-pandemic levels.

Bitcoin declined 1.78% to $39,002 at 4:40 am ET, while Ether plunged 2.83% at the same time, selling for $2,904.19.

cryptocurrencies

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