(bitcoin) and U.S. stocks fell sharply on January 5, reacting negatively to the minutes of the Federal Reserve’s December FOMC meeting, which showed Members expect balance sheet reduction It starts after the Fed starts raising interest rates in early 2022.
Adding to the negative sentiment is the closure of the world’s second largest bitcoin mining center in Kazakhstan, where the internet has been shut down following mass protests by citizens.This resulted in approximately 13.4% of the overall hash rate of the Bitcoin network From 205,000 petahash per second (PH/s) to 177,330 PH/s.
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