Well, Bitcoin is once again "delighting" its fans! In the last 24 hours, it made a spectacular plunge and fell below $100,000. The culprit? Who else but the head of the US Federal Reserve, Jerome Powell, who clearly decided to become the main crypto antihero of this season. He stated that the Fed does not intend to buy Bitcoins and turn them into a national reserve. That's it, the show is over, disappointed investors began to panic sell.
And this is despite the fact that not long ago Donald Trump was trying to push the idea of a national reserve based on Bitcoin. But no, Powell said: "No crypto happiness for you." The result — minus 2.5% in a day, and this is just the beginning.
Let's add to this the liquidation of positions worth $800 million in 12 hours. Apparently, someone got too carried away with the upward play. Well, the market, as always, showed that it loves only one thing — sharp corrections and disappointments.
So if you thought Bitcoin was stability, welcome to reality. And yes, grab the popcorn because the crypto drama continues.
