Bitcoin Price Falls to 3-Month Low. How Low Can the Crypto Drop? – Barrons

Bitcoin declined to three-month lows on Friday as minutes of the latest Federal Reserve meeting raised the possibility the central bank could boost interest rates as soon as March.

Bitcoin traded Friday at $41,720, down 2.9% over the past 24 hours, according to CoinDesk. The world’s largest cryptocurrency fell to as low as $41,012, hitting the lowest level since Sept. 29 and taking the weekly decline to 12%, CoinDesk reported. Bitcoin’s record high is $68,990.90.

Analysts…

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