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Bitcoin, ether near multi-month lows following hawkish Fed minutes

2 Oct 09:35 Key points summarised by AI

Bitcoin and Ether plunged to multi-month lows after hawkish Federal Reserve minutes indicated more aggressive policy actions, reducing investor appetite for riskier assets.
The cryptocurrencies' decline mirrored a broader 'risk off' sentiment in traditional markets, particularly a significant drop in the Nasdaq, highlighting increasing correlation between crypto and conventional finance.
Bitcoin tested $42,700 and Ether touched its lowest since October, directly reacting to the Fed's discussions on reducing its balance sheet and accelerating the end of bond purchases.
Potential disruption from anti-government protests in Kazakhstan, a major Bitcoin mining hub, also emerged as a secondary concern for the Bitcoin network.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.