#Bitcoin at $100.4k now...

#Bitcoin price is experiencing a serious and sudden decline, and the cryptocurrency community is wondering what caused the decline.

The reason for the decline is thought to be the hawkish statements of the #FOMC following the #FED's interest rate decision today, as well as FED Chairman Jerome Powell's ongoing speech about slowing down the pace of interest rate cuts.

Following the interest rate decision, the $BTC price fell by approx. 3% and is trading at $100,400 at the time of writing.

The decline in the last 24 hours exceededs it 4%...
Present price value of $BTC

It's #Write2Earn topic..

Always DYOR and Trade with StopLoss.

💵 The #FED's balance sheet increased by $2.6bn in one week!

▪️ Waller, Fed Chairman:
- DeFi and the use of stablecoins could increase global dominance of the US dollar.

▪️ Daley, Fed Chairman:
- 3 Fed rate cuts is a reasonable baseline for this year.

▪️ Bostic, Fed Chair:
- I expect the Fed to start cutting interest rates in the summer, but with positive macro data, it may happen sooner.
- My prediction is 2 Fed rate cuts this year (but maybe 3).

▪️ Barkin, Fed Chair:
- CPI report confirms why the Fed needs more confidence to ease QE.

📌 Market expectations (Fed Funds rate):
- 20 March: Pause.
- 1 May: Pause.
- 12 June: 25bp rate cut.

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