#OnChainLendingSurge Bitcoin fell on Thursday, continuing a series of sharp losses as risk appetite was undermined by 'hawkish' signals from the Federal Reserve, while the prospect of the U.S. government selling coins was also under threat.

The largest cryptocurrency in the world largely lost its recent gains this week, following a broader decline in risk assets as traders expect a slowdown in interest rate cuts in 2025.

Prices for other cryptocurrencies also fell, although on Thursday, losses were more skewed toward Bitcoin after reports that the Justice Department received court approval to sell coins seized during the Silk Road investigation.

As of 09:10 Moscow time, the Bitcoin exchange rate fell by 1% to $94,495, having previously dropped to $93,632 during the session. The day before, the coin marked a low of December 31 at $92,863.