On Wednesday, the Federal Reserve declared its intention to discontinue its rate hike cycle, causing significant disruption in financial markets, with itcoin">Bitcoin experiencing a decline of over 10% in the hours that ensued.
itcoin">Bitcoin’s rapid decline can be attributed to several factors, including the Federal Reserve’s recent decision to cease rate hikes, resulting in reduced demand for risk assets such as itcoin">Bitcoin, and the heightened uncertainty in the market, which has made investors more hesitant to undertake risks.
The combination of these factors has led to a greater outflow of money from itcoin">Bitcoin markets than inflow, placing bullish investors at a disadvantage, and there is a likelihood that itcoin">Bitcoin may experience a decline to $20K or $30K shortly.
Nonetheless, it is crucial to bear in mind that itcoin">Bitcoin is an unstable asset, and it is not feasible to anticipate its price with absolute certainty; therefore, there is a possibility that itcoin">Bitcoin could recover in the upcoming weeks or months, and there is always the possibility of it attaining new record highs.
If you are contemplating investing in itcoin">Bitcoin, it is crucial to conduct your own research and comprehend the associated risks, as itcoin">Bitcoin is a high-risk asset, and there is a possibility that you could lose your entire investment.
