#BTCOutlook This week, the cryptocurrency market took a spectacular tumble, with Bitcoin and Ethereum plummeting as if they had forgotten to pull their parachutes. The fall was "kindly sponsored" by the Federal Reserve, which decided to slow down interest rate cuts and, to top it off, by Chairman Jerome Powell, making it clear that the US is not going to play around collecting Bitcoins. In Brazil, the rise of the dollar and the stock market swinging more than a pendulum only added spice to the chaos. But calm down, analysts swear it is just a "temporary correction". Because, of course, the crypto market is famous for its stability and predictability, right?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.