Bitcoin Extends Losses as U.S. Stocks Finish Thursday Lower

Bitcoin fell 3.42% over 24 hours to $71,255 at 6:48 p.m. ET Thursday as U.S. stocks closed lower, with all three major indexes posting losses at the end of the session.

The cryptocurrency had touched $71,222 earlier Thursday, its lowest level since September. The Dow Jones Industrial Average fell 0.36%, the S&P 500 dropped 0.35% and the Nasdaq Composite declined 0.39% at the close.

Hawkish comments from Federal Reserve officials on Thursday strengthened expectations for further monetary tightening. Nvidia shares finished down 4.3% after falling as much as 13% intraday, while Broadcom and Advanced Micro Devices each rose more than 5.5%.