Bitcoin suffered a heavy blow! Who is behind it?
The trend of Bitcoin began to take a sharp turn last night, falling below the $63,000 mark at one point, and the current price is stable at $62,780. So, what is the reason behind this decline? After in-depth analysis, we found that the words of a heavyweight played a key role in it, and he is the Federal Reserve official Kashkari.
In a public speech on Tuesday, Kashkari raised concerns about inflation data and hinted that the Federal Reserve may continue to maintain interest rates unchanged for some time to come, rather than easily consider cutting interest rates. This statement was interpreted by the market as a "hawkish" signal, meaning that the Federal Reserve's attitude in curbing inflation remains firm.
This "hawkish" stance is undoubtedly a blow to risky assets such as Bitcoin. In a high-interest environment, investors' preference for risky assets usually decreases, and they turn to seek safer investment channels. Therefore, the market demand for cryptocurrencies such as Bitcoin may be suppressed, leading to price declines.
However, investors do not have to be too pessimistic. The Federal Reserve has always shown a high degree of flexibility and foresight in monetary policy, and will adjust its policy direction in a timely manner according to changes in economic data. Therefore, the future trend of Bitcoin is still full of uncertainty. For investors, the current key is to accumulate chips at low levels and prepare for future rebounds.
Through an in-depth analysis of this incident, we can see that Kashkari's remarks have had a significant impact on the Bitcoin market. However, market trends are affected by many factors, and investors need to remain calm and rational to avoid blindly following the trend or panic selling.
Risks and opportunities coexist in the currency circle. If you haven't found the right team and leader, click on the avatar to find me, and share free dry goods and strategies with you. Remember, opportunities are always reserved for those who are prepared.
