Bitcoin Drops To $65,900 As Fed Tightening Risks Grow

Bitcoin fell to its lowest level in twelve weeks, wiping out most of its summer rebound. However, the Fed has not yet decided on any hike in December. The market is already correcting the easing scenario on which part of the recovery was based. Bitcoin fell around $65,900 on November 14 , down 4.5% in twenty-four hours and 9.5% over one week. Ether trades near $1,850, while Solana has fallen back below $80. BTC remains about 16% above its late June low near $59,000. However, it has lost nearly 21% since its autumn peak around $86,000. Several factors explain this reversal : Christopher Waller, Federal Reserve governor, supports a hike of at least 25 basis points at the December 8-9 meeting.

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