Price of Bitcoin plunges to multimonth low

Published



The price of Bitcoin is at its lowest level in months as the Federal Reserve gears up to begin raising interest rates and Kazakhstan grapples with unrest.

On Friday, Bitcoin fell by about 4% and was hovering between $40,000 and $41,000 — a precipitous decline from its November peak of about $69,000. The last time that the flagship cryptocurrency was this low was back in September.

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