Bitcoin slumps to a three-month low as cryptocurrencies extend losses

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Bitcoin slumps to a three-month low as cryptocurrencies extend losses
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Bitcoin dropped to a three-month low amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan.

dropped to a three-month low late Thursday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world's second-biggest bitcoin mining hub.

The price of bitcoin fell to $41,222.41 just after 9 p.m. ET Thursday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. It was last trading down 0.6% at a price of $42,391.20 Friday morning.minutes from the Federal Reserve's December meetingThe hawkish comments triggered a sell-off in global stock markets which spilled over into cryptocurrencies.

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