📢 Crypto market loses $200 million as Bitcoin drops to a monthly low of $65,000:
🔥 Shocking News 😱😱
✍️The Crypto market lost a whopping $200 million to liquidations as Bitcoin dropped to a monthly low of $65,000 dragging other altcoins along with it.
This price drop affected over 75,000 traders and investors in the crypto market.
Although Bitcoin has slightly increased to $66,000 at the time of writing this report the harm has already been done.
📺Bitcoin through the week
Bitcoin started the week on a positive note pumping to slightly over $70,000 on Monday a mere $3,000 off its last all-time high of $73,000 in March.
The ride was short-lived as uncertainties surrounding Consumer Price Index numbers and the Federal Open Market Committee (FOMC) meeting as regards interest rate cuts pushed down the price of Bitcoin to $66,000.
📺The FOMC meeting decided not to cut interest rates and the Consumer Price Index for the month was better than the previous month. This resulted in Bitcoin rebounding back to $70,000.
The $70,000 price level was once again short-lived as Bitcoin dropped back to $67,000
🚨On Friday evening Bitcoin Price suffered the worst fate as it decreased to a monthly low of $65,000. Despite its slight increase to $66,000 on Sunday, the primary cryptocurrency is still down by 4.0% in the last 7 days.
The monthly low of $65,000 resulted in a $200 million loss for over 75,000 traders in the industry.
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