Bitcoin Plunges Below $60,000: Weak US Economy and Fed Uncertainty Fuel Massive Sell-Off
📉
The cryptocurrency market faced significant volatility this week, primarily due to developments in the United States. Bitcoin experienced a substantial decline, losing $10,000 in value. The weak US economy and uncertainty about the Federal Reserve's policies were primary drivers of this massive sell-off.
These economic factors and policy uncertainties led investors to offload their holdings, contributing to the drastic price drop this week. The impact on the broader cryptocurrency market has been notable as well.
Bron: en.coinotag.com ↗
Vergelijkbare artikelen (37)
Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next
First Mover Americas: Bitcoin Holds Below $75K Before Expected U.S. Rate Cut
BTC price slips from $60K as Bitcoin traders brace for FOMC ‘fireworks’
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations as
Bitcoin Stalls as Experts Warn of Resistance Ahead of Fed Rate Decision
Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
BTC price slips from $60K as Bitcoin traders brace for FOMC 'fireworks'
BTC price slips from $60K as Bitcoin traders brace for FOMC 'fireworks'
Bitcoin Price Alert: Bitfinex Forecasts 20% Crash Post Rate Cut Decision
Crypto Market Jitters: Bitcoin Dips as Investors Await Fed Decision
Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble
Bitcoin Faces Possible Drop Below $10,000
Bitcoin Price Faces Sharp Decline
Bitcoin Faces Decline After US Market Opens
Bitcoin Drops to $58.5k: Can Bulls Rebound to $63.8k Amid Fed Rate Speculation?
Fed Meeting Triggers Bitcoin Decline and Altcoin Turbulence
What’s Behind Bitcoin Price Drop? Political Chaos or US Fed Meeting?
Bitcoin Price Drops To $58K, Can the FED’s Interest Rate Decision Ignite Bull Run?
Bitcoin Trades at $58,480 as Markets Await Fed Decision
Bitcoin Price Drops As Investors Await Powell Speech, Payroll Data
Bitcoin Price Plummets to $59,000
Fed Meeting Spurs Bitcoin Price Drop and Altcoin Volatility
Bitcoin Experiences Significant Drop as Investors Brace for Economic Data
Bitcoin Price Drops Amid Market Volatility
Potential FED Rate Cut: Bitcoin Dips to $56,487 Amid Market Speculation
Bitcoin Fails to Break $60K Amid Market Uncertainty and Upcoming Fed Meeting
Bitcoin Plunges Nearly 6% in Minutes Amid Market Volatility and Fed Speculation
Bitcoin Drops After Reaching $66,498 High Amid Market Worries and Fed’s Upcoming Remarks
Bitcoin BTC Dips 2.7% Amid Anticipated Fed Rate Cut and Market Volatility
Bitcoin Plummets Over 8% Amid Sharp Market Declines as Calls for Fed Rate Cuts Intensify
Bitcoin Dips to $53,810 Amid Mixed Economic Signals and Anticipation of Fed Rate Cuts
Bitcoin’s Price Drop Continues Despite Fed’s Interest Rate Announcement
Bitcoin Plummets Below $56K Amid Market Turmoil and Rate Cut Speculations
Bitcoin Falls to $60,000 as Federal Reserve Implements First Rate Cut in Four Years
Bitcoin Plummets as U.S. Fed Calls Emergency Meeting Amid Japanese Yen Crash
