The price of Bitcoin dipped following the release of the Federal Reserve’s December meeting minutes, which showed the central bank’s plans to continue raising interest rates.

The biggest cryptocurrency was down nearly 1%, trading for $16,790, in the hour after the Fed dropped the announcement, according to CoinGecko. It has since made modest gains, and the asset is still up 1.2% in the past 24 hours and 0.5% in the past week. 

Ethereum, the second largest digital asset by market cap, dropped by 1% within the hour. Ethereum tends to follow Bitcoin’s movements following announcements from the Fed.