The value of major cryptocurrencies plummeted Thursday after the minutes from the Federal Reserve's most recent meeting showed a possible shift towards more aggressive action to tackle high levels of inflation.
The Fed's December meeting minutes caused the prices to fall.
The images are from the same source.
The price of the most valuable criptocurrency fell to just below $43,000 Thursday morning, down 8% from the previous day.
The second most valuable coin was trading at $3,300, down 12% from the previous day.
The last 24 hours have seen steep drops in other major token.
The losses come as the value of the cryptocurrencies has fallen by 10% from the day before.
The December meeting of the Fed indicated a possible shift towards more aggressive policies to manage inflation. The release caused stock markets to fall and the Nasdaq dropped 3.3%.
What to watch for.
Widespread unrest in the country could affect the markets. The Cambridge Centre for Alternative Finance says that it accounts for 18% of the mining network's computing power. The Central Asian state is second only to the U.S. in terms of mining of the digital currency, and rising energy costs, policy changes or unrest could upset the market.
The Fed minutes show the central bank could remove moreStimulus.
The oil-rich nation broke out in rare anti-government protests.
