Money
Federal Reserve’s restrictive monetary policy threatens to hit crypto
Bitcoin is dropping again thanks to comments from the Fed reserve chair
The major Bitcoin cryptiocurrency has fallen to a monthly low, trading at just under $29,000.
Many are pointing to the Federal Reserve’s restrictive monetary policy for the most recent drop.
The world’s second-biggest cryptocurrency after Bitcoin, Ethereum, will soon overhaul its blockchain technology to try and fight its environmental impact, which has come under steep criticism.
Ethereum is set to undergo a major technical revolution next month after its digital unit tumbled amid the techno crash earlier this year.