Bitcoin prices drop to $94k due to Fed signals and potential DOJ coin sales

From Investing.com
January 9, 2025 01:05 AM:

Bitcoin prices fell on Thursday due to hawkish signals from the Federal Reserve and the possibility of U.S. government coin sales. The Department of Justice received court approval to sell $6.5 billion worth of Bitcoin seized from Silk Road. Crypto prices, including altcoins like Ethereum and Litecoin, also dropped as Fed minutes hinted at slower rate cuts in 2025. Higher rates could dampen investor appetite for risk-driven assets like cryptocurrencies.

Read more at Investing.com: sinks to $94k amid hawkish Fed signals, DOJ coin sales By Investing.com