btc$BTC
Hello dear traders... Today we'll be discussing Bitcoin as we await the US Federal Reserve's data release... Bitcoin is currently experiencing exceptional circumstances due to massive sell-offs from BlackRock to whales... This is due to conflicting news regarding the printing of US dollars from the available USDT liquidity on exchanges.
In 2018, under Janet Yellen's leadership, the Federal Reserve began a series of interest rate hikes to control inflation. This period coincided with a significant drop in the price of Bitcoin. Bitcoin plummeted from its peak of around $20,000 in December 2017 to approximately $3,200 by December 2018, representing a loss of over 80%.
This decline in Bitcoin's price had a widespread impact on the cryptocurrency market as a whole. While other factors, such as hacks of trading platforms and regulatory uncertainty, contributed to the drop, the interest rate hikes played a crucial role in the cryptocurrency winter during that period.
During 2021, thanks to the extremely low interest rates imposed by the Federal Reserve in& response to the COVID-19 pandemic, Bitcoin experienced a significant surge, reaching an all-time high of over $68,000 in November 2021. With optimism soaring, many analysts predicted Bitcoin would reach $100,000. However, by late 2021, the Federal Reserve's policies began to shift as inflation concerns resurfaced.
The Fed signaled its intention to raise interest rates and reduce liquidity in the economy, leading to a major correction in the cryptocurrency market. By June 2022, Bitcoin had lost over 70% of its value, falling below $20,000 once again. Historical charts, such as those illustrating the evolution of Bitcoin prices against the Federal Reserve interest rate from January 1, 2015, to February 28, 2021, clearly demonstrate these effects.
daily btcusdt$ 📈
if you take a look to the chart below will see high chance if we see tomorrow breakout and retast the breakout price(94000) in next days that will be high chance to buy long again ...
