Bitcoin {{BTC}} fell after Wednesday's gains as U.S. stocks retreated mid-day.

- Bitcoin was trading at $54,800 at press time, down 4% in the past 24 hours and 6% from $57,600 hit earlier.

- Ether {{ETH}} has fallen 7.1% in the past day, hitting its lowest level against Bitcoin in three years.

- The CoinDesk 20 Index is down 3%.

Trading started positively after the Bank of Japan's deputy governor said the central bank would not raise rates in an unstable environment. However, optimism faded by the end of the day.

- The Nasdaq fell 0.8%, the S&P 500 fell 0.6%.

The head of JPMorgan has expressed doubts about the US Federal Reserve's ability to return inflation to its 2% target, pointing to deficit spending and the transition to a green economy.