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Crypto: Bitcoin prices fall to lowest in months

Bitcoin prices have fallen to their lowest level in months following remarks from the US Federal Reserve.

The crypto-currency dropped in value from $47,000 (£34,700) earlier this week to less than $42,000 (£31,000) per digital coin.

It follows minutes from a meeting of the Federal Reserve, which suggested it may raise interest rates.

Since its global and decentralized nature, attributing a rise or fall in the price of Bitcoin to a single cause is difficult, many commentators have pointed to the release of the Federal Reserve’s December meeting notes as one factor.

America’s central bank might raise interest rates sooner than some had anticipated, and sell off some of its assets, suggested by the minutes.

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