#BTCOutlook What is the reason for the fall of Bitcoin? 💵 $BTC
The crypto market began to fall after the Fed's statements 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 the BTC-ETF, reaching a record $680 million in a day.
The market decline could also be caused by seasonal profit-taking before the end of the calendar year.
💰 BTC has risen in price by more than 125% over the year, which could prompt early investors to take profits.
Selling pressure is likely to ease next week due to the lack of significant macroeconomic events. Christmas week is also usually positive for cryptocurrencies.