Bitcoin, Ether Near Multi-Month Lows Following Hawkish Fed Minutes

Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve’s last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets.

The world’s largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last month’s trough of $42,000 would make it the weakest since September, Reuters reported.

The token hit a record high of $69,000 in November.

Ether, the world’s second-largest cryptocurrency which underpins the ethereum network, lost 5.2% on Wednesday, and touched its lowest level since October, before bouncing back slightly to $3,460.