Bitcoin dropped to $66,000 on Wednesday, marking a significant swing as the U.S. dollar strengthened following surprisingly hawkish Federal Reserve minutes that indicated a willingness to consider rate hikes. This shift negatively affected risk assets, resulting in U.S. stocks like Coinbase reversing early gains, ultimately closing down 2%, and Strategy also slipping by about 3%. The crypto markets have shown increased volatility as they react sensitively to changes in Federal Reserve policy expectations.
Bitcoin falls to $66,000 as Fed minutes indicate possible rate hike
