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Bitcoin Plummets Below $67k as Fed Minutes Signal Tighter Policy

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Bitcoin plunged below $67,000 Thursday, extending losses after Federal Reserve minutes revealed growing policy division and potential rate hikes. The cryptocurrency fell 1.3% to $66,963.80, pressured by risk aversion amid U.S.-Iran tensions and gold's safe-haven rally to $5,000. Fed policymakers showed heightened uncertainty over inflation and AI's economic impact, with several members suggesting rate increases if inflation persists. Bitcoin's speculative nature makes it particularly vulnerable to rising rates, as traders pivoted to the dollar.

Goldman Sachs CEO Solomon confirmed minimal personal Bitcoin holdings while signaling possible crypto sector involvement. Broader altcoin weakness persists as markets await U.S. economic data, with goldman sachs maintaining crypto caution.