(BTC) and the U.S. equity markets fell sharply on Jan. 5, reacting negatively to the minutes from the Federal Reserve’s December FOMC meeting, which showed that the The balance sheet will be reduced, according to membersTo begin when the Fed raises interest rates early in 2022

Adding to the negative sentiment was the shutdown of the world’s second-biggest Bitcoin mining hub in Kazakhstan, where the internet has been shut down following massive protests by citizens. It caused an approximate drop in the price of Bitcoin to around 13.4% in the Bitcoin network’s overall hash rateBetween 205,000 and 177,330 petahash per seconds (PH/s).