🚨 Big Alert: $BTC Crash Update! 📉

Why did Bitcoin's price plummet today, sparking concerns across the crypto market? Traders rushed to cash in profits amidst expectations of a hawkish stance from the Federal Reserve and potential delays in rate cuts.

With Bitcoin now officially in a bear market, down over 20% in three consecutive days, investors are eyeing the Fed's next move anxiously. Stagflation fears loom large, fueled by persistent inflation and sluggish economic growth.

Today's Fed announcement, led by Chair Jerome Powell, holds immense significance for both stock and crypto markets, as investors grapple with the specter of a market crash.

Bitcoin's price tumbled over 10%, hitting $56K, triggering panic selling among retail investors and caution among institutional players. Despite the volatility, Bitcoin remains up 35% year-to-date, a testament to its resilience amid macroeconomic pressures.

As demand softens for spot Bitcoin ETFs and optimism for a recovery wanes, profit-taking ensues, sparking a broader selloff in the crypto market.

With the US dollar index on the rise and the Fed expected to maintain interest rates amidst robust economic data and inflation concerns, the stage is set for a pivotal moment in the financial landscape.

Stay informed, stay vigilant. #BTC #Bitcoin #FOMC #CryptoCrashAlert 📉🔔