Today, not only the Crypto market but also the Stock market is on fire, the indexes are falling. Gold and oil have also dropped sharply, Bitcoin has dropped to below $60,000.
The main reason comes from two factors:
The first is to wait for the results after today's big meeting of the FED, what the interest rates will be and what the FED's tone will be.
Second is the Bitcoin spot ETF situation in the United States and Hong Kong. Trading expectations in Hong Kong were not as expected leading to disappointment, but this also opened the door for trading in the market here. Hong Kong needs more time.
With ~4 hours left until the FED press conference starts, Bitcoin has already dumped 10%, it's been a long time since I've seen a day like that. Let's wait for the results of the meeting!
