On Thursday, as markets reacted to the most recent Federal Open Market Committee (FOMC) minutes, Bitcoin was trading below $19,000. The Federal Reserve hinted in the minutes to impending hikes while also admitting some surprise at how quickly inflation has increased. During today's session, Ethereum fell below $1,300.

On Thursday, the market reacted to the most recent Federal Open Market Committee (FOMC) minutes, sending Bitcoin (BTC) back into the red.

The U.S. Federal Reserve expressed relative surprise at the rate of inflation growth in September's minutes, indicating the possibility of further rate hikes.

After a brief bounce in yesterday's session, BTC/USDT dropped to an intraday low of $18,121.