Sharp fluctuations in the digital currency market following hawkish signals from the US Federal Reserve

The cryptocurrency market witnessed notable fluctuations, with the value of Bitcoin falling by approximately 0.45% following hawkish signals from the US Federal Reserve regarding monetary policy.

These moves prompted investors to sell digital assets that have seen their value rise significantly this year.

The value of Bitcoin fell this morning (Saturday) in New York to $97,172.04, after hitting its historical high of $108,000 earlier in the week.

These declines extended to other digital currencies such as Ethereum and Dogecoin, while stocks in Asian and European markets recorded notable losses.

According to the data, Bitcoin-linked ETFs in the United States recorded record outflows of $680 million last Thursday, ending a 15-day streak of positive inflows, in a major shift in investor sentiment towards cryptocurrencies.