The Fed takes a hawkish stance, and insider selling leads to a plunge

Bitcoin remains in the red as the Fed's pessimism grows and BTC miners continue to sell

The Federal Reserve has recently adopted a more stringent policy, focusing on controlling inflation rather than stimulating the economy. This adjustment has had a significant impact on the cryptocurrency market, with Bitcoin falling below $66,000. Meme coins, which rely on investor enthusiasm and ample liquidity like many altcoins, memes, and new coins, are particularly affected by this shift.

This policy adjustment is particularly bad for speculative assets such as meme coins. These coins usually thrive in an environment where making money is easy, and they are often the first to be sold when investors become more risk-averse. Pay attention recently.

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