Bitcoin price slides near $66,000 after Fed minutes; ETF outflows and inflation data in focus
Bitcoin dropped 2% to $66,301 in late New York trade Wednesday, while Ether fell 2.6% to $1,943. Minutes from the Federal Reserve’s January meeting showed officials divided on future rate hikes, keeping the benchmark rate at 3.50%-3.75%. U.S.-listed spot bitcoin ETFs saw $8.5 billion in outflows since October, according to Bloomberg. Crypto-related U.S. stocks were mixed after hours.