THE REAL REASON BITCOIN WENT DOWN.
$BTC Bitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates.
At around 2:30 p.m. London time, the digital currency fell around 5% in 24 hours to $56,837, falling below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. Since then, bitcoin has pared losses somewhat and was trading at $57,932.57, down 3.4% as of 5:05 p.m. London time.
