Bitcoin Drops , to 3-Month Low.<br />According to Coin Metrics, after 9 p.m. ET <br />on Jan. 6, bitcoin fell to $41,222.41.<br />That's the lowest the price of the cryptocurrency has been since Sept. 29. .<br />On the morning of <br />Jan. 7, it was trading <br />at $42,391.20.<br />CNBC reports the dip is likely attributed to investors taking caution amid monetary policy tightening in the U.S. in addition to Kazakhstan's internet shutdown.<br />CNBC reports the dip is likely attributed to investors taking caution amid monetary policy tightening in the U.S. in addition to Kazakhstan's internet shutdown.<br />In December, the Federal Reserve implied <br />stimulus checks would likely no longer be provided <br />to the extent that they have been previously. .<br />CNBC reports this prompted <br />a sell-off in global markets.<br />According to CNBC, Kazakhstan is the second-largest bitcoin mining hub in the world.<br />Its shutdown amid deadly protests in the country is estimated to have taken up to 15% <br />of the bitcoin network offline.<br />Ethereum and solana <br />also fell 2.3% and 4.7%, respectively
