London, Dec. 21 (BNA): The cryptocurrency market witnessed significant fluctuations, with Bitcoin falling by nearly 0.45% following hawkish signals from the US Federal Reserve regarding monetary policy. These moves prompted investors to sell the digital asset that has seen a significant rise in value over the past year.
Bitcoin fell to $97,172.04 in New York on Saturday morning, after hitting a record high of $108,000 earlier in the week.
These declines extended to other digital currencies such as Ethereum and Dogecoin, while stocks in Asian and European markets recorded significant losses.
According to the data, Bitcoin-linked exchange-traded funds in the United States recorded a record outflow of $680 million last Thursday, ending a 15-day streak of positive inflows, in a major shift in investor sentiment towards digital currencies.