Bitcoin Extends Decline Below $42K

(BTC) fell further with stocks on the Wall Street open Thursday as nervous markets awaited further U.S. economic policy cues and battled geopolitical tensions.

Bitcoin (BTC) fell further with stocks on the Wall Street open Thursday as nervous markets awaited further U.S. economic policy cues and battled geopolitical tensions.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing the $42,000 mark for the first time in several days at the start of trading.

The Fed and tensions over Ukraine had already formed a backdrop to lackluster market performance both in crypto and beyond

With the likelihood increasing that a rate hike could come from the U.S. next month, attention was on James Bullard, president of the St. Louis Fed

Speaking to mainstream media Wednesday, Bullard gave strong signals that he was in favor of raising rates harder and faster to combat inflation.

Curved Arrow