Why Bitcoin Was Sinking on Wednesday

One of the key market drivers for cryptocurrencies is interest rates. All things being equal, when they're on the way down, investors get more excited about digital coins and tokens. Conversely, when they stay level (or even rise) that sentiment can quickly turn negative. On Wednesday the U.S. Federal Reserve (Fed) kept its key interest rates unchanged, and the latest economic data suggested there isn't much scope for cuts in the near future. So it wasn't surprising that the No. 1 cryptocurrency, Bitcoin ...