Bitcoin Continues Skid, with Experts Divided on its Future

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The Street

By Dan Weil One factor hurting the currency is the Federal Reserve’s adoption of a more hawkish monetary policy stance. Bitcoin sank to a three-month low Friday, and experts remain divided as to whether the biggest digital currency will resume its 12-year rally or continue sliding. Bitcoin recently traded at $41,565, down 4%, and has dropped 18% in the last month. One factor hurting the currency is the Federal Reserve’s adoption of a more hawkish monetary policy stance, which has led investors to shy away from risky assets. Minutes released Wednesday from the Fed’s policy meeting last month sa…

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