#ReboundRally

What is the reason for the drop in Bitcoin? 💵

The crypto market began to decline after statements from the Fed about continuing the fight against inflation. Investors expected a faster rate cut, but the regulator hinted at a pause.

™ This caused a massive outflow of funds from BTC-ETF, reaching a record $680 million in a day.

The market decline may also have been caused by seasonal profit-taking before the end of the calendar year.

💰 BTC has risen by more than 125% over the year, which may have prompted early investors to take profits.