Bitcoin Tanked After the Fed Minutes Were Released.

$Bitcoin(BTC.CC)$ Bitcoin slid sharply after the Federal Reserve released minutes of its December meeting, with policy makers indicating growing unease over inflation and the potential for interest rates to start rising as soon as this March. Bitcoin was down more than 4% to $44,200, falling from around $46,000 soon after the Fed made the minutes public. Fed officials indicated that inflation readings and tight labor conditions could warrant an interest-rate increase “sooner or at a faster pace than participants had earlier anticipated.”

Part of the content is taken from Yahoo.