What will Bitcoin price be like in the coming days?
Bitcoin's sharp decline from its highs late last week has caused turmoil in the cryptocurrency market. Bitcoin is currently down 4.1% over the past week, moving towards the $61,000 area.
This currency is currently trading at 61,100 USD, up 0.8% over the past 24 hours. The latest Bitcoin price correction is forcing investors to rethink their investments, putting further pressure on BTC's price and valuation.
As the leader of crypto, Bitcoin's sharp and rapid price drop over the past week has had an impact throughout the market, as leading altcoins are also dropping significantly by 2 to 10% over the past week.
However, some analysts remain optimistic and maintain a positive view on Bitcoin. Many people believe that the recent price drop of BTC is just a slight price correction, it has no impact on the long-term trend of BTC.
Bitcoin's latest price correction is due to volatility caused by the FOMC's decision to cut interest rates. Price fluctuations in the crypto market recorded in BTC are unpredictable due to the Fed's stance on interest rate cuts.
The Fed's current stance on interest rate cuts is making investors nervous, causing public panic.
Bitcoin is expected to experience little price volatility in the near future, as the Fed's stance on interest rate cuts remains neutral.
Is Bitcoin still okay?
What are Crypto's views on this issue? Please leave your views here........
