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Bitcoin slides to two-month low as Fed signals it’s not ready to cut rates yet

Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year.

STR | Nurphoto via Getty Images

Bitcoin’s price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn’t yet ready to cut interest rates.

At around 2:30 p.m. London time, the digital currency fell…


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