Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike

Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower. What to know : Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range. Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%. Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets.