The prospect of further rate hikes in the United States is weighing on bitcoin. The cryptocurrency leader has reached its lowest level in nearly three months

Thursday morning, the price of the queen of cryptocurrencies fell to 24,835 dollars, according to data compiled on the Luxembourg platform Bitstamp. Other cryptocurrencies such as ether, Binance or Ripple have also gone underground

The crypto slack follows announcements made the day before by the US Federal Reserve (Fed). As expected, the issuer kept its key interest rate unchanged, while hinting that further hikes would occur again this year and that a fall should not be expected anytime soon. Bad news for risky investments, including digital currencies, as it increases the attractiveness of fixed-rate

Despite its recent bout of weakness, bitcoin has appreciated by almost half since the start of the year, although it is still well below its all-time high of nearly 69,000 dollars reached at the end of 2021.