Why did Bitcoin plummet?
The reason why it plummeted in the early morning was because these two bad things happened!
(1) Expectations of significant interest rate cuts have declined
The minutes of the Federal Reserve meeting dampened expectations of a sharp interest rate cut and emphasized the risk of upward inflation.
Internal divisions are deep, with some officials favoring a more gradual pace of rate cuts.
Said that the U.S. economy still has significant resilience and prefers gradual rather than major interest rate cuts.
(2) The world situation becomes further tense
The Prime Minister of Israel had a phone call with the President of the United States to discuss how to deal with Iran.
This time it is no longer a question of whether to fight or not, but when and where to fight.
Israel's defense minister said a strike against Iran would be "deadly, precise and unexpected."
