Bitcoin retreated on Wednesday, pressured mainly by growing conviction that the U.S. Federal Reserve (Fed) will raise interest rates further in the coming months to curb persistent inflation.

Cryptocurrency markets in general also remained on the defensive amid growing uncertainty over the regulatory landscape in the U.S., after Democrats secured a majority in both chambers of Congress.

Bitcoin fell 1.2% to US$ 73,935.00 at 01:56. #BitcoinForecast #bitcoinhakving #bitcoin.” #Bitcoin❗ #USA.

$BTC