Bitcoin fell to its lowest level in three months after the Fed hinted at a price increase.

Bitcoin fell to a three-month low on Friday as the Fed's final meeting raised the potential for the bank to hike rates from March, according to a toom report.

Bitcoin traded at $ 42,086, down 2.1% in the past 24 hours, according to data from CoinDesk. According to CoinDesk, the world's largest cryptocurrency fell to $ 41,012, the lowest since September 29. Bitcoin's total time was $ 68,990.90.

Ethereum, the second-biggest winner, has fallen 4.9% in the past 24 hours to $ 3,231, according to the report.

Fundstrat analysts said the cryptocurrency's near-term technology outlook and cycle remain weak, "further weakening will continue into the spring before reaching profitability. Low."

Analysts estimate short-term support for Bitcoin at around $ 39,500, down from $ 29,000 from the May 2021-July 2021 low.

Bitcoin fell after the report of the Fed's meeting was released on Wednesday. The results suggest that growth in data and tighter labor costs could drive higher prices "at a faster or faster rate than participants previously thought."

Meanwhile, the US central bank has hinted that it could reduce its balance sheet to $ 9 trillion.